Stock Worth Mentioning Today: Is Buying 52-Week Stock Like KEMET Corporation a Winning Strategy?

Stock Worth Mentioning Today: Is Buying 52 Week Stock Like KEMET Corporation a Winning Strategy?

The stock of KEMET Corporation (NYSE:KEM) hit a new 52-week high and has $4.99 target or 9.00% above today’s $4.58 share price. The 8 months bullish chart indicates low risk for the $212.47 million company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $4.99 price target is reached, the company will be worth $19.12M 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 119,050 shares traded hands. KEMET Corporation (NYSE:KEM) has risen 103.72% since April 20, 2016 and is uptrending. It has outperformed by 99.17% 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 1.63 in 2016 Q2. Its up 0.54, from 1.09 in 2016Q1. The ratio is positive, 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.
Reilly Advsr Ltd Liability Company holds 0% or 2,000 shares in its portfolio. Lsv Asset Mgmt holds 0% of its portfolio in KEMET Corporation (NYSE:KEM) for 284,005 shares. Vanguard Gp last reported 0% of its portfolio in the stock. D E Shaw And Inc holds 0% of its portfolio in KEMET Corporation (NYSE:KEM) for 227,683 shares. Dimensional Fund L P accumulated 2.06 million shares or 0% of the stock. Goldman Sachs Group last reported 0% of its portfolio in the stock. Morgan Stanley holds 89,751 shares or 0% of its portfolio. The Massachusetts-based Acadian Asset Mngmt Lc has invested 0% in KEMET Corporation (NYSE:KEM). Jpmorgan Chase has 0% invested in the company for 26,600 shares. Blackrock Institutional Com Na accumulated 0% or 1.24M shares. Raymond James & has 16,272 shares for 0% of their US portfolio. Connor Clark & Lunn Invest Mngmt reported 122,050 shares or 0% of all its holdings. Nationwide Fund reported 78,163 shares or 0% of all its holdings. Bridgeway Capital Mngmt Inc last reported 0.03% of its portfolio in the stock. Blackrock Investment Mngmt Limited Liability Corp, a New Jersey-based fund reported 7,950 shares.

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, Miamiherald.com published: “Global electronics manufacturer Kemet has a headquarters in Fort Lauderdale” on April 03, 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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