Zacks Investment Research upgraded shares of Kemet (NYSE:KEM) from a sell rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “KEMET Corporation and its subsidiaries is the world’s largest manufacturer of solid tantalum capacitors and and one of the world’s largest manufacturer of multilayer ceramic capacitors. According to industry sources, tantalum and ceramic capacitors are the two fastest growing sectors of the United States capacitor industry. Capacitors are electronic components that store, filter and regulate electrical energy and current flow and are one of the essential passive components used on circuit boards. “

KEM has been the subject of a number of other reports. B. Riley restated a buy rating and issued a $27.50 price target on shares of Kemet in a research note on Tuesday, October 31st. TheStreet downgraded Kemet from a b rating to a c rating in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded Kemet from a buy rating to a hold rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Kemet has a consensus rating of Hold and a consensus price target of $22.50.

Kemet (NYSE:KEM) traded up $0.51 during mid-day trading on Thursday, reaching $16.57. The company’s stock had a trading volume of 1,053,525 shares, compared to its average volume of 1,770,000. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.73 and a current ratio of 2.51. The company has a market capitalization of $934.24, a P/E ratio of 3.37 and a beta of 3.45. Kemet has a 12-month low of $6.27 and a 12-month high of $27.35.

Kemet (NYSE:KEM) last posted its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. Kemet had a return on equity of 21.07% and a net margin of 31.16%. The business’s revenue was up 60.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. equities analysts forecast 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 firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total value of $352,200.24. Following the completion of the transaction, the chief financial officer now directly owns 523,038 shares in the company, valued at $8,410,451.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.88% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of KEM. Globeflex Capital L P bought a new position in shares of Kemet during the 2nd quarter worth approximately $105,000. State of Tennessee Treasury Department bought a new position in shares of Kemet during the 3rd quarter worth approximately $108,000. Denali Advisors LLC bought a new position in shares of Kemet during the 3rd quarter worth approximately $122,000. JPMorgan Chase & Co. bought a new position in shares of Kemet during the 2nd quarter worth approximately $125,000. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Kemet during the 2nd quarter worth approximately $143,000. Institutional investors own 69.79% of the company’s stock.

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About Kemet

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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