Economy

Broker Outlook For The Week Ahead Kemet Corporation (NYSE:KEM)

The fund owned 170,938 shares of the electronics maker's stock after selling 24,557 shares during the quarter. Accern also gave news stories about the electronics maker an impact score of 45.5263958671005 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. That suggests something of the likelihood of a short squeeze in shares of KEM. The value of the company's investment in Kemet Corporation New went from $414,000 to $455,000 increasing 9.9% quarter to quarter.

Investors sentiment increased to 2.29 in Q2 2017. Schneider Capital Management Corp owns 771,339 shares or 1.96% of their United States portfolio. Dimensional Fund Advisors LP increased its stake in Kemet Corporation by 16.6% during the first quarter. Bogle Investment Management L P DE increased its stake in Kemet Corporation by 1,178.1% during the first quarter.

Many Hedge funds have lately modified to their stake in KEM. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and worldwide copyright laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/09/27/kemet-corporation-kem-holdings-cut-by-eam-investors-llc.html. These ratios are important while doing valuation of the company or the shares of the company. No trade can occur until someone is willing to sell a stock at a price that another is willing to buy it at. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The stock was sold at an average price of $11.03, for a total transaction of $44,120.00.

According to KEMET Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 67.94%. The disclosure for this sale can be found here. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 3,789,099 shares of the stock are valued at $73.51 million. Insiders own 3.88% of the company's stock. That's a potential 4.54 increase relative to where KEMET Corporation (NYSE:KEM) has been trading recently.

Now the stock price is moving -41.00% off from the highest level of twelve months and +77.37% above from twelve months low. The company's P/E (price to earnings) ratio is 4.57 and Forward P/E ratio of 12.79. Analysts are forecasting earnings of $0.44 on a per share basis this quarter. The business earned $188 million during the quarter, compared to analyst estimates of $183.85 million. The Return on Equity (ROE) value stands at 157.5%. KEMET's revenue was up 6.1% compared to the same quarter past year.

On average, analysts expect that KEMET will report full-year sales of $191.07 million for the current fiscal year, with estimates ranging from $750.8 million to $751.94 million.

The British Columbia - Canada-based Pacad Investment has invested 0.03% in KEMET Corporation (NYSE:KEM). 0 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

Ratings analysis reveals 50% of Kemet's analysts are positive.

The collective rating of 2.5 for KEMET Corporation (NYSE:KEM) also leans strongly towards the neutral end of the spectrum. Bankshares Of Mellon Corporation has invested 0% in KEMET Corporation (NYSE:KEM). Of those analysts, 1 rate stock as a Strong Buy, 1 rate it as Hold, and just no analyst rates it as a Moderate Sell. The company has a consensus rating of "Buy" and a consensus target price of $18.08.

Blackrock Inc. owns $82.49 million in KEMET Corporation, which represents roughly 8.25% of the company's market cap and approximately 13.07% of the institutional ownership. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Company offers multilayer ceramic, solid and electrolytic aluminum and film capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.



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