ValuEngine downgraded shares of Kemet Corporation (NYSE:KEM) from a buy rating to a hold rating in a report released on Thursday morning.

Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Kemet Corporation from a c+ rating to a b rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Kemet Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, August 22nd. B. Riley reaffirmed a buy rating and issued a $24.25 target price on shares of Kemet Corporation in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Kemet Corporation from a strong-buy rating to a hold rating in a research note on Wednesday. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $12.00 target price on shares of Kemet Corporation in a research note on Friday, July 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Kemet Corporation has a consensus rating of Hold and an average price target of $18.08.

Kemet Corporation (NYSE KEM) traded down 0.08% during trading on Thursday, reaching $23.94. 1,389,287 shares of the company were exchanged. The firm has a 50-day moving average of $21.19 and a 200-day moving average of $15.72. Kemet Corporation has a 52-week low of $3.45 and a 52-week high of $24.64. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 4.97 and a beta of 3.56.

Kemet Corporation (NYSE:KEM) last issued its earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.15. Kemet Corporation had a net margin of 33.25% and a return on equity of 20.21%. The firm had revenue of $274.00 million during the quarter, compared to the consensus estimate of $282.52 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 48.2% on a year-over-year basis. On average, equities analysts forecast that Kemet Corporation will post $1.59 EPS for the current year.

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In other news, VP Stefano Vetralla sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $18.70, for a total value of $168,300.00. Following the completion of the transaction, the vice president now owns 51,611 shares in the company, valued at $965,125.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank G. Brandenberg sold 11,525 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $23.12, for a total transaction of $266,458.00. Following the completion of the transaction, the director now 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 80,859 shares of company stock valued at $1,598,660 in the last quarter. Corporate insiders own 3.88% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its holdings in shares of Kemet Corporation by 13.1% in the second quarter. Cubist Systematic Strategies LLC now owns 24,759 shares of the electronics maker’s stock valued at $317,000 after buying an additional 2,875 shares during the period. Engineers Gate Manager LP boosted its holdings 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 valued at $1,150,000 after buying an additional 4,567 shares during the period. Globeflex Capital L P acquired a new position in shares of Kemet Corporation in the second quarter valued at approximately $105,000. JPMorgan Chase & Co. acquired a new position in shares of Kemet Corporation in the second quarter valued at approximately $125,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Kemet Corporation in the second quarter valued at approximately $143,000. Institutional investors own 67.27% of the company’s stock.

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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