Headlines about Kemet Corporation (NYSE:KEM) have trended positive recently, Alpha One Sentiment Analysis reports. The research group, a service of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kemet Corporation earned a coverage optimism score of 0.29 on Alpha One’s scale. Alpha One also assigned media stories about the electronics maker an impact score of 62 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Alpha One Sentiment’s scoring:
- Insider Selling: Kemet Corporation (KEM) CEO Sells 133,334 Shares of Stock (topix.com)
- Polymer Electrolytic Capacitors offer up to 680 µF capacitance. (news.thomasnet.com)
- Kemet Corporation (KEM) Announces Election of Yasuko Matsumoto to Board of Directors (streetinsider.com)
- Kemet : KEM) Announces Election of Yasuko Matsumoto to Board of Directors (4-traders.com)
- KEMET Enhances its Hi-Rel COTS KO-CAP® Polymer Electrolytic Device Offering with Extended Life Test Option – GlobeNewswire (press release) (globenewswire.com)
Shares of Kemet Corporation (NYSE KEM) traded up 1.48% during trading on Friday, hitting $13.71. The stock had a trading volume of 690,139 shares. Kemet Corporation has a 1-year low of $2.55 and a 1-year high of $14.92. The company has a market capitalization of $651.29 million, a price-to-earnings ratio of 15.76 and a beta of 3.47. The firm has a 50 day moving average of $13.37 and a 200 day moving average of $9.98.
Kemet Corporation (NYSE:KEM) last issued its quarterly earnings results on Wednesday, May 10th. The electronics maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $197.52 million during the quarter, compared to analysts’ expectations of $191.73 million. Kemet Corporation had a return on equity of 19.23% and a net margin of 6.33%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Analysts expect that Kemet Corporation will post $0.95 EPS for the current fiscal year.
Several analysts have issued reports on KEM shares. B. Riley restated a “buy” rating and set a $13.50 price objective on shares of Kemet Corporation in a report on Friday, February 24th. Stifel Nicolaus boosted their price objective on Kemet Corporation from $6.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, February 24th. Finally, Zacks Investment Research upgraded Kemet Corporation from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, February 28th.
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In related news, insider Charles C. Meeks, Jr. sold 115,000 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $14.33, for a total transaction of $1,647,950.00. Following the sale, the insider now owns 372,393 shares in the company, valued at approximately $5,336,391.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Claudio Lollini sold 9,500 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $14.20, for a total value of $134,900.00. Following the sale, the vice president now owns 184,168 shares in the company, valued at approximately $2,615,185.60. The disclosure for this sale can be found here. In the last three months, insiders sold 326,256 shares of company stock valued at $4,516,065. Insiders own 3.84% 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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