KEMET Co. (KEM) SVP Sells $60,045.34 in Stock

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KEMET Co. (NYSE:KEM) SVP Ronald James Assaf sold 3,334 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $18.01, for a total value of $60,045.34. Following the completion of the sale, the senior vice president now owns 63,390 shares in the company, valued at approximately $1,141,653.90. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ronald James Assaf also recently made the following trade(s):

  • On Monday, April 1st, Ronald James Assaf sold 3,333 shares of KEMET stock. The shares were sold at an average price of $18.00, for a total value of $59,994.00.
  • On Friday, March 1st, Ronald James Assaf sold 3,333 shares of KEMET stock. The shares were sold at an average price of $19.29, for a total value of $64,293.57.
  • On Friday, February 1st, Ronald James Assaf sold 3,333 shares of KEMET stock. The shares were sold at an average price of $18.01, for a total value of $60,027.33.

KEM stock traded up $0.62 during midday trading on Friday, reaching $18.19. The stock had a trading volume of 9,232 shares, compared to its average volume of 1,075,554. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 2.39. The firm has a market capitalization of $1.04 billion, a P/E ratio of 11.23 and a beta of 2.63. KEMET Co. has a 52-week low of $15.55 and a 52-week high of $29.85.

KEMET (NYSE:KEM) last announced its quarterly earnings data on Thursday, January 31st. The electronics maker reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.19. The company had revenue of $350.18 million for the quarter, compared to analyst estimates of $353.36 million. KEMET had a return on equity of 32.59% and a net margin of 8.59%. On average, equities analysts forecast that KEMET Co. will post 3.24 earnings per share for the current year.

A number of brokerages have weighed in on KEM. Zacks Investment Research lowered KEMET from a “buy” rating to a “hold” rating in a report on Friday, January 18th. ValuEngine lowered KEMET from a “hold” rating to a “sell” rating in a report on Friday, March 22nd.

A number of hedge funds have recently made changes to their positions in KEM. BlackRock Inc. increased its position in shares of KEMET by 0.3% during the 4th quarter. BlackRock Inc. now owns 8,196,629 shares of the electronics maker’s stock worth $143,768,000 after purchasing an additional 23,517 shares during the last quarter. Vanguard Group Inc boosted its position in KEMET by 1.1% during the third quarter. Vanguard Group Inc now owns 3,246,669 shares of the electronics maker’s stock valued at $60,226,000 after purchasing an additional 34,175 shares during the last quarter. Vanguard Group Inc. boosted its position in KEMET by 1.1% during the third quarter. Vanguard Group Inc. now owns 3,246,669 shares of the electronics maker’s stock valued at $60,226,000 after purchasing an additional 34,175 shares during the last quarter. JPMorgan Chase & Co. boosted its position in KEMET by 61.7% during the third quarter. JPMorgan Chase & Co. now owns 1,293,839 shares of the electronics maker’s stock valued at $24,000,000 after purchasing an additional 493,904 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in KEMET by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 1,072,297 shares of the electronics maker’s stock valued at $19,892,000 after purchasing an additional 68,707 shares during the last quarter. Institutional investors own 81.75% of the company’s stock.

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About KEMET

KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.

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