The stock of KEMET Corporation (NYSE:KEM) hit a new 52-week high and has $9.90 target or 178.00% above today’s $3.56 share price. The 6 months bullish chart indicates low risk for the $171.82M company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $9.90 price target is reached, the company will be worth $305.84M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,342 shares traded hands. KEMET Corporation (NYSE:KEM) has risen 94.02% since February 29, 2016 and is uptrending. It has outperformed by 81.81% the S&P500.
Analysts await KEMET Corporation (NYSE:KEM) to report earnings on November, 3. They expect $0.04 earnings per share, down 33.33% or $0.02 from last year’s $0.06 per share. KEM’s profit will be $1.93M for 22.25 P/E if the $0.04 EPS becomes a reality. After $0.05 actual earnings per share reported by KEMET Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.
According to Zacks Investment Research, “KEMET Corporation and its subsidiaries is the world’s largest manufacturer of solid tantalum capacitors and and one of the world’s largest manufacturer of multilayer ceramic capacitors. According to industry sources, tantalum and ceramic capacitors are the two fastest growing sectors of the United States capacitor industry. Capacitors are electronic components that store, filter and regulate electrical energy and current flow and are one of the essential passive components used on circuit boards.”
Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.48, from 0.61 in 2016Q1. The ratio improved, as 8 funds sold all KEMET Corporation shares owned while 15 reduced positions. 9 funds bought stakes while 16 increased positions. They now own 22.22 million shares or 2.41% less from 22.77 million shares in 2016Q1.
Invesco Limited holds 4.00 million shares or 0% of its portfolio. Blackrock Grp Ltd accumulated 0% or 44,487 shares. Connor Clark & Lunn Inv Limited holds 0% of its portfolio in KEMET Corporation (NYSE:KEM) for 122,050 shares. Walleye Trading Ltd Liability Corporation holds 0% or 19,500 shares in its portfolio. The New York-based Tocqueville Asset L P has invested 0.08% in KEMET Corporation (NYSE:KEM). Moreover, Renaissance Technologies Llc has 0% invested in KEMET Corporation (NYSE:KEM) for 86,300 shares. California Pub Employees Retirement holds 0% of its portfolio in KEMET Corporation (NYSE:KEM) for 90,100 shares. Eagle Glob Advisors reported 23,310 shares or 0% of all its holdings. Comml Bank Of America De accumulated 1.40 million shares or 0% of the stock. D E Shaw & has invested 0% of its portfolio in KEMET Corporation (NYSE:KEM). State Street accumulated 0% or 29,812 shares. Schneider Cap Management Corporation holds 1.63 million shares or 0.9% of its portfolio. Cornerstone Cap Mgmt Hldg Llc owns 11,700 shares or 0% of their US portfolio. Blackrock Investment Mngmt Lc has 7,950 shares for 0% of their US portfolio. Morgan Stanley last reported 0% of its portfolio in the stock.
More notable recent KEMET Corporation (NYSE:KEM) news were published by: Marketwatch.com which released: “Kemet started at buy with $4.75 stock price target at B. Riley” on July 16, 2010, also Prnewswire.com with their article: “KEMET Corporation Purchases IntelliData, Inc.” published on April 01, 2015, Prnewswire.com published: “KEMET Announces New Global Sales and Marketing Senior Vice President” on July 07, 2015. More interesting news about KEMET Corporation (NYSE:KEM) were released by: Streetinsider.com and their article: “Kemet Corporation (KEM) Misses Q4 EPS by 3c; NEC TOKIN Joint Venture Reaches …” published on May 03, 2016 as well as Seekingalpha.com‘s news article titled: “Power Up Your Income With 14% Yields From Kemet Corporation’s May 2018 Bonds” with publication date: May 22, 2016.
KEM Company Profile
KEMET Corporation (KEMET), incorporated on July 9, 1990, is a maker of passive electronic components. The Firm operates in two divisions: Solid Capacitors, and Film and Electrolytic. The Firm offers multilayer ceramic, solid and electrolytic aluminum and film capacitors. The Company’s product offerings include surface mount, which are attached directly to the circuit board; leaded capacitors, which are attached to the circuit board using lead wires, and chassis-mount and other pin-through-hole board-mount capacitors, which utilize attachment methods, such as screw terminal and snap-in.
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