6,013 Shares in KEMET Co. (KEM) Purchased by Victory Capital Management Inc.


Victory Capital Management Inc. bought a new position in shares of KEMET Co. (NYSE:KEM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,013 shares of the electronics maker’s stock, valued at approximately $109,000.


A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Alps Advisors Inc. boosted its position in KEMET by 13.8% during the first quarter. Alps Advisors Inc. now owns 24,293 shares of the electronics maker’s stock worth $440,000 after acquiring an additional 2,937 shares during the last quarter. LPL Financial LLC boosted its position in KEMET by 18.1% during the fourth quarter. LPL Financial LLC now owns 29,201 shares of the electronics maker’s stock worth $440,000 after acquiring an additional 4,470 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in KEMET by 46.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the electronics maker’s stock worth $247,000 after acquiring an additional 5,200 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in KEMET by 17.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 41,812 shares of the electronics maker’s stock worth $629,000 after acquiring an additional 6,176 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in KEMET by 4.5% during the fourth quarter. California Public Employees Retirement System now owns 147,500 shares of the electronics maker’s stock worth $2,221,000 after acquiring an additional 6,289 shares during the last quarter. Hedge funds and other institutional investors own 71.73% of the company’s stock.


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In other KEMET news, CEO Per Olof Loof sold 47,000 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $20.20, for a total transaction of $949,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Claudio Lollini sold 10,000 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $17.95, for a total transaction of $179,500.00. Following the transaction, the vice president now directly owns 177,265 shares in the company, valued at approximately $3,181,906.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,899 shares of company stock worth $2,286,463. 3.88% of the stock is currently owned by insiders.


KEMET opened at $22.75 on Friday, MarketBeat Ratings reports. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 13.91 and a beta of 3.75. KEMET Co. has a fifty-two week low of $11.73 and a fifty-two week high of $27.35.

KEMET (NYSE:KEM) last posted its quarterly earnings results on Thursday, May 17th. The electronics maker reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. The company had revenue of $318.00 million for the quarter, compared to the consensus estimate of $306.72 million. KEMET had a net margin of 21.28% and a return on equity of 22.42%. KEMET’s revenue was up 61.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. equities analysts predict that KEMET Co. will post 1.78 earnings per share for the current fiscal year.


A number of analysts recently issued reports on KEM shares. ValuEngine upgraded shares of KEMET from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of KEMET from a “hold” rating to a “sell” rating in a research note on Thursday, May 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three 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 $19.58.

KEMET Company Profile

KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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