KEMET (KEM) Stock Price Down 5.6%

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KEMET Co. (NYSE:KEM)’s share price fell 5.6% during trading on Monday . The company traded as low as $16.07 and last traded at $16.32. 1,658,740 shares changed hands during trading, an increase of 54% from the average session volume of 1,075,056 shares. The stock had previously closed at $17.28.

A number of brokerages recently commented on KEM. Zacks Investment Research downgraded shares of KEMET from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. ValuEngine upgraded shares of KEMET from a “sell” rating to a “hold” rating in a research note on Monday, April 1st.

The company has a current ratio of 2.39, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The company has a market cap of $943.08 million, a PE ratio of 10.30 and a beta of 2.63.

In other KEMET news, insider Charles C. Meeks, Jr. sold 20,000 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $19.01, for a total value of $380,200.00. Following the completion of the transaction, the insider now owns 88,777 shares in the company, valued at $1,687,650.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shignori Oyama sold 30,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $18.69, for a total transaction of $560,700.00. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $1,125,233 in the last 90 days. 2.95% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEM. Bank of New York Mellon Corp raised its holdings in shares of KEMET by 6.8% in 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 buying an additional 68,707 shares during the last quarter. Martingale Asset Management L P raised its holdings in KEMET by 55.7% during the third quarter. Martingale Asset Management L P now owns 67,652 shares of the electronics maker’s stock worth $1,255,000 after purchasing an additional 24,188 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in KEMET by 61.7% during the third quarter. JPMorgan Chase & Co. now owns 1,293,839 shares of the electronics maker’s stock worth $24,000,000 after purchasing an additional 493,904 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in KEMET by 51.8% during the third quarter. MetLife Investment Advisors LLC now owns 39,160 shares of the electronics maker’s stock worth $726,000 after purchasing an additional 13,362 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in KEMET by 62.2% during the third quarter. TIAA CREF Investment Management LLC now owns 272,979 shares of the electronics maker’s stock worth $5,064,000 after purchasing an additional 104,715 shares in the last quarter. Institutional investors own 81.25% of the company’s stock.

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About KEMET (NYSE:KEM)

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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