Price Change to Note: What’s Ahead for KEMET Corporation After Reaching 52-Week High?

Price Change to Note: What's Ahead for KEMET Corporation After Reaching 52 Week High?

The stock of KEMET Corporation (NYSE:KEM) hit a new 52-week high and has $9.09 target or 111.00% above today’s $4.31 share price. The 6 months bullish chart indicates low risk for the $211.55 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $9.09 price target is reached, the company will be worth $234.82 million 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 785,814 shares traded hands or 660.11% up from the average. KEMET Corporation (NYSE:KEM) has risen 102.51% since April 11, 2016 and is uptrending. It has outperformed by 96.37% the S&P500.

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 Q2 2016. Its up 0.48, from 0.61 in 2016Q1. The ratio increased, 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.
Moreover, Great Lakes Advisors Ltd Limited Liability Company has 0% invested in KEMET Corporation (NYSE:KEM) for 10,000 shares. Brandywine Global Investment Management Ltd Liability has invested 0% of its portfolio in KEMET Corporation (NYSE:KEM). Blackrock Ltd accumulated 44,487 shares or 0% of the stock. Wells Fargo Communication Mn has 8 shares for 0% of their US portfolio. Renaissance Tech Ltd Company last reported 86,300 shares in the company. Vanguard Grp accumulated 0% or 1.50 million shares. Reilly Advsr Ltd Liability owns 2,000 shares or 0% of their US portfolio. Susquehanna Interest Group Llp reported 60,398 shares or 0% of all its holdings. Moreover, Raymond James & Assoc has 0% invested in KEMET Corporation (NYSE:KEM) for 16,272 shares. Invesco Limited has 0% invested in the company for 4.00 million shares. Moreover, D E Shaw And Inc has 0% invested in KEMET Corporation (NYSE:KEM) for 227,683 shares. Bluefin Trading Limited Liability Co, a New York-based fund reported 178,355 shares. The New Jersey-based Blackrock Llc has invested 0% in KEMET Corporation (NYSE:KEM). Tfs Ltd Liability Company accumulated 55,064 shares or 0.03% of the stock. The Germany-based Deutsche Commercial Bank Ag has invested 0% in KEMET Corporation (NYSE:KEM).

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: Smallcapnetwork.com and their article: “Going Long on Small Cap KEMET Corporation” published on November 10, 2016 as well as Streetinsider.com‘s news article titled: “Kemet Corporation (KEM) Misses Q4 EPS by 3c; NEC TOKIN Joint Venture Reaches …” with publication date: May 03, 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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