Nationwide Fund Advisors Purchases 26,722 Shares of Kemet Corporation (KEM)
Nationwide Fund Advisors boosted its position in Kemet Corporation (NYSE:KEM) by 390.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,559 shares of the electronics maker’s stock after acquiring an additional 26,722 shares during the period. Nationwide Fund Advisors owned 0.07% of Kemet Corporation worth $430,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in KEM. Engineers Gate Manager LP raised its stake in shares of Kemet Corporation by 5.4% in the second quarter. Engineers Gate Manager LP now owns 89,818 shares of the electronics maker’s stock worth $1,150,000 after purchasing an additional 4,567 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Kemet Corporation in the second quarter worth approximately $125,000. Legal & General Group Plc purchased a new stake in shares of Kemet Corporation in the second quarter worth approximately $147,000. Geode Capital Management LLC raised its stake in shares of Kemet Corporation by 4.5% in the first quarter. Geode Capital Management LLC now owns 270,484 shares of the electronics maker’s stock worth $3,245,000 after purchasing an additional 11,748 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Kemet Corporation in the second quarter worth approximately $187,000. Institutional investors and hedge funds own 67.05% of the company’s stock.
In other Kemet Corporation news, Director Wilfried Backes sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 87,934 shares of the company’s stock, valued at $1,800,008.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank G. Brandenberg sold 11,525 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 66,831 shares of the company’s stock, valued at $1,545,132.72. The disclosure for this sale can be found here. Insiders have sold 41,525 shares of company stock valued at $866,468 over the last ninety days. 3.88% of the stock is currently owned by company insiders.
Shares of Kemet Corporation (NYSE:KEM) opened at $16.54 on Monday. The company has a current ratio of 2.51, a quick ratio of 1.73 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $932.55, a P/E ratio of 17.05 and a beta of 3.65. Kemet Corporation has a 52-week low of $3.60 and a 52-week high of $27.35.
Kemet Corporation (NYSE:KEM) last issued its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. Kemet Corporation had a return on equity of 21.07% and a net margin of 31.16%. Kemet Corporation’s revenue was up 60.9% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. research analysts anticipate that Kemet Corporation will post 1.52 EPS for the current fiscal year.
KEM has been the subject of several analyst reports. 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 research note on Friday, October 6th. B. Riley reissued a “buy” rating and issued a $27.50 price objective on shares of Kemet Corporation in a research note on Tuesday, October 31st. ValuEngine raised Kemet Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet raised Kemet Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price objective on shares of Kemet Corporation in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kemet Corporation currently has a consensus rating of “Buy” and an average price target of $22.50.
About Kemet Corporation
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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