Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Kemet Corporation (NYSE:KEM) by 60.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,200 shares of the electronics maker’s stock after acquiring an additional 83,827 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.39% of Kemet worth $4,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KEM. Renaissance Technologies LLC boosted its holdings in shares of Kemet by 59.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,789,099 shares of the electronics maker’s stock valued at $48,500,000 after buying an additional 1,418,000 shares during the last quarter. Numeric Investors LLC boosted its holdings in shares of Kemet by 1,622.5% in the 2nd quarter. Numeric Investors LLC now owns 1,111,039 shares of the electronics maker’s stock valued at $14,221,000 after buying an additional 1,046,539 shares during the last quarter. State Street Corp boosted its holdings in shares of Kemet by 1,972.6% in the 2nd quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock valued at $9,606,000 after buying an additional 714,335 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Kemet by 289.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 626,776 shares of the electronics maker’s stock valued at $13,243,000 after buying an additional 465,727 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Kemet by 4,743.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 471,288 shares of the electronics maker’s stock valued at $10,265,000 after buying an additional 461,558 shares during the last quarter. 69.90% of the stock is owned by institutional investors.

In other Kemet news, CFO William M. Lowe, Jr. sold 21,903 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total transaction of $352,200.24. Following the completion of the sale, the chief financial officer now owns 523,038 shares of the company’s stock, valued at approximately $8,410,451.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.88% of the company’s stock.

Several equities research analysts have recently commented on KEM shares. B. Riley reissued a “buy” rating and issued a $27.50 price objective on shares of Kemet in a report on Tuesday, October 31st. ValuEngine raised Kemet from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded Kemet from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. TheStreet downgraded Kemet from a “b” rating to a “c” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded Kemet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Kemet has a consensus rating of “Hold” and an average price target of $22.50.

Shares of Kemet Corporation (KEM) opened at $15.74 on Friday. Kemet Corporation has a twelve month low of $5.78 and a twelve month high of $27.35. The stock has a market capitalization of $855.31, a price-to-earnings ratio of 15.64 and a beta of 3.44. The company has a current ratio of 2.51, a quick ratio of 1.73 and a debt-to-equity ratio of 0.75.

Kemet (NYSE:KEM) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. Kemet had a return on equity of 21.07% and a net margin of 31.16%. The business had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. During the same quarter last year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 60.9% on a year-over-year basis. equities research analysts expect that Kemet Corporation will post 1.44 earnings per share for the current fiscal year.

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Kemet Profile

KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.

Institutional Ownership by Quarter for Kemet (NYSE:KEM)

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