Kemet Corporation (NYSE:KEM) Holdings Lifted by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of Kemet Corporation (NYSE:KEM) by 38.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,100 shares of the electronics maker’s stock after buying an additional 35,000 shares during the quarter. California Public Employees Retirement System owned 0.26% of Kemet Corporation worth $1,601,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KEM. Parametric Portfolio Associates LLC lifted its stake in Kemet Corporation by 217.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 52,255 shares of the electronics maker’s stock valued at $627,000 after purchasing an additional 35,789 shares during the last quarter. Vanguard Group Inc. lifted its stake in Kemet Corporation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,545,151 shares of the electronics maker’s stock valued at $18,542,000 after purchasing an additional 16,236 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kemet Corporation by 4.5% in the 1st quarter. Geode Capital Management LLC now owns 270,484 shares of the electronics maker’s stock valued at $3,245,000 after purchasing an additional 11,748 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Kemet Corporation by 16.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,828,191 shares of the electronics maker’s stock valued at $33,938,000 after purchasing an additional 402,142 shares during the last quarter. Finally, UBS Group AG lifted its position in Kemet Corporation by 781.5% during the first quarter. UBS Group AG now owns 34,459 shares of the electronics maker’s stock worth $414,000 after acquiring an additional 30,550 shares during the last quarter. 59.57% of the stock is currently owned by institutional investors and hedge funds.

Kemet Corporation (KEM) opened at $15.48 on Wednesday. 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 firm has a market cap of $884.06, a PE ratio of 16.17 and a beta of 3.65. Kemet Corporation has a fifty-two week low of $4.15 and a fifty-two week high of $27.35.

Kemet Corporation (NYSE:KEM) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Kemet Corporation had a net margin of 31.16% and a return on equity of 21.07%. The company had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 60.9% on a year-over-year basis. sell-side analysts forecast that Kemet Corporation will post 1.44 EPS for the current fiscal year.

KEM has been the subject of several research reports. Zacks Investment Research upgraded shares of Kemet Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Friday, October 6th. B. Riley reiterated a “buy” rating and issued a $27.50 price target on shares of Kemet Corporation in a research report on Tuesday, October 31st. ValuEngine raised shares of Kemet Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet cut shares of Kemet Corporation from a “b” rating to a “c” rating in a research note on Thursday, November 2nd. Finally, BidaskClub raised shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.50.

In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total transaction of $352,200.24. Following the sale, the chief financial officer now owns 523,038 shares in the company, valued at approximately $8,410,451.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank G. Brandenberg sold 11,525 shares of the stock in a transaction 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 transaction, the director now directly owns 66,831 shares in the company, valued at approximately $1,545,132.72. The disclosure for this sale can be found here. Insiders have sold a total of 34,428 shares of company stock valued at $640,968 over the last three months. Insiders own 3.88% of the company’s stock.

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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.

Institutional Ownership by Quarter for Kemet Corporation (NYSE:KEM)

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