Analysts Set $14.50 Price Target for KEMET Co. (KEM)
Shares of KEMET Co. (NYSE:KEM) have received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 1 year consensus price target of $14.50 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned KEMET an industry rank of 102 out of 265 based on the ratings given to its competitors.
Several equities analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $13.50 target price on shares of KEMET in a research report on Friday, February 24th. Zacks Investment Research raised KEMET from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, May 4th. Finally, Stifel Nicolaus lifted their target price on KEMET from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Tuesday, May 2nd.
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In related news, CEO Per Olof Loof sold 133,334 shares of KEMET stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $13.13, for a total transaction of $1,750,675.42. Following the sale, the chief executive officer now directly owns 1,101,976 shares of the company’s stock, valued at $14,468,944.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Claudio Lollini sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $14.20, for a total transaction of $134,900.00. Following the transaction, the vice president now owns 184,168 shares of the company’s stock, valued at approximately $2,615,185.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,256 shares of company stock worth $4,516,065. 3.84% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Financial Inc. boosted its position in shares of KEMET by 11.5% in the third quarter. B. Riley Financial Inc. now owns 1,843,493 shares of the electronics maker’s stock worth $6,581,000 after buying an additional 189,465 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of KEMET during the fourth quarter worth approximately $247,000. Oxford Asset Management acquired a new position in shares of KEMET during the fourth quarter worth approximately $1,072,000. Dimensional Fund Advisors LP boosted its position in shares of KEMET by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,426,049 shares of the electronics maker’s stock worth $16,085,000 after buying an additional 265,310 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of KEMET by 130.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 34,612 shares of the electronics maker’s stock worth $229,000 after buying an additional 19,591 shares in the last quarter. Hedge funds and other institutional investors own 52.04% of the company’s stock.
KEMET (NYSE:KEM) last announced its quarterly earnings data on Wednesday, May 10th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. KEMET had a positive return on equity of 15.21% and a negative net margin of 2.70%. The business had revenue of $197.52 million during the quarter, compared to analyst estimates of $191.73 million. During the same period last year, the company earned $0.04 earnings per share. KEMET’s quarterly revenue was up 7.4% compared to the same quarter last year.
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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