Kemet Corporation (NYSE:KEM)’s share price gapped up prior to trading on Monday . The stock had previously closed at $16.42, but opened at $16.54. Kemet Corporation shares last traded at $14.65, with a volume of 4136197 shares trading hands.

Several brokerages have recently issued reports on KEM. Zacks Investment Research raised Kemet Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a report on Friday, October 6th. BidaskClub raised Kemet Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price objective on shares of Kemet Corporation in a report on Friday, July 14th. B. Riley reissued a “buy” rating and issued a $24.25 price objective on shares of Kemet Corporation in a report on Thursday, August 3rd. Finally, TheStreet raised Kemet Corporation from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $22.50.

The firm has a market cap of $885.75, a price-to-earnings ratio of 16.41 and a beta of 3.65. 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 Corporation (NYSE:KEM) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $301.47 million during the quarter, compared to analysts’ expectations of $298.51 million. Kemet Corporation had a return on equity of 21.07% and a net margin of 31.16%. The company’s revenue for the quarter was up 60.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. equities research analysts predict that Kemet Corporation will post 1.52 EPS for the current year.

In related news, Director Wilfried Backes sold 20,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $20.47, for a total value of $409,400.00. Following the completion of the transaction, the director now owns 87,934 shares of the company’s stock, valued at approximately $1,800,008.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank G. Brandenberg sold 11,525 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $23.12, for a total value of $266,458.00. Following the completion of the transaction, the director now directly owns 66,831 shares of the company’s stock, valued at approximately $1,545,132.72. The disclosure for this sale can be found here. Insiders sold a total of 32,525 shares of company stock valued at $698,168 in the last ninety days. 3.88% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEM. Renaissance Technologies LLC raised its holdings in Kemet Corporation by 59.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,789,099 shares of the electronics maker’s stock worth $48,500,000 after purchasing an additional 1,418,000 shares during the period. Numeric Investors LLC raised its holdings in Kemet Corporation by 1,622.5% in the 2nd quarter. Numeric Investors LLC now owns 1,111,039 shares of the electronics maker’s stock worth $14,221,000 after purchasing an additional 1,046,539 shares during the period. State Street Corp raised its holdings in Kemet Corporation by 1,972.6% in the 2nd quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock worth $9,606,000 after purchasing an additional 714,335 shares during the period. Bank of New York Mellon Corp raised its holdings in Kemet Corporation by 289.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 626,776 shares of the electronics maker’s stock worth $13,243,000 after purchasing an additional 465,727 shares during the period. Finally, Northern Trust Corp raised its holdings in Kemet Corporation by 511.4% in the 2nd quarter. Northern Trust Corp now owns 522,291 shares of the electronics maker’s stock worth $6,685,000 after purchasing an additional 436,871 shares during the period. 67.05% of the stock is owned by institutional investors.

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Kemet Corporation Company 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.

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