ValuEngine lowered shares of Kemet (NYSE:KEM) from a buy rating to a hold rating in a report issued on Friday.

Several other analysts also recently issued reports on KEM. B. Riley reaffirmed a buy rating and issued a $24.25 price objective on shares of Kemet in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a hold rating on shares of Kemet in a research report on Monday, August 7th. BidaskClub raised shares of Kemet from a buy rating to a strong-buy rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Kemet from a strong-buy rating to a hold rating in a research report on Wednesday, October 4th. Finally, TheStreet downgraded shares of Kemet from a b rating to a c rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $22.50.

Kemet (KEM) opened at $14.72 on Friday. Kemet has a 1-year low of $5.62 and a 1-year high of $27.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.51 and a quick ratio of 1.73. The company has a market cap of $829.94, a P/E ratio of 15.93 and a beta of 3.44.

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

In other Kemet news, CFO William M. Lowe, Jr. sold 21,903 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total value 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 $8,410,451.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.88% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Kemet during the third quarter worth approximately $656,000. GSA Capital Partners LLP acquired a new stake in shares of Kemet during the third quarter worth approximately $737,000. Sterling Capital Management LLC acquired a new stake in shares of Kemet during the third quarter worth approximately $761,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Kemet during the third quarter worth approximately $225,000. Finally, California Public Employees Retirement System grew its position in shares of Kemet by 12.9% during the third quarter. California Public Employees Retirement System now owns 141,211 shares of the electronics maker’s stock worth $2,984,000 after buying an additional 16,111 shares in the last quarter. 69.90% of the stock is owned by institutional investors.

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Kemet 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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