Notable Reporting: Is Buying 52-Week Stock Like KEMET Corporation a Winning Strategy?

Notable Reporting: 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 $5.94 target or 8.00% above today’s $5.50 share price. The 8 months bullish chart indicates low risk for the $257.63 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $5.94 price target is reached, the company will be worth $20.61 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 1.12M shares traded hands or 339.75% up from the average. KEMET Corporation (NYSE:KEM) has risen 127.15% since April 25, 2016 and is uptrending. It has outperformed by 121.14% the S&P500.

Analysts await KEMET Corporation (NYSE:KEM) to report earnings on January, 26. They expect $0.06 EPS, up 200.00% or $0.04 from last year’s $0.02 per share. KEM’s profit will be $2.81 million for 22.92 P/E if the $0.06 EPS becomes a reality. After $0.11 actual EPS reported by KEMET Corporation for the previous quarter, Wall Street now forecasts -45.45% 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 1.63 in 2016 Q2. Its up 0.54, from 1.09 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.
Parametric Assocs holds 0% or 12,152 shares in its portfolio. Cornerstone Cap Hldg Ltd Company accumulated 0% or 11,700 shares. Deutsche National Bank & Trust Ag, a Germany-based fund reported 21,681 shares. Gabelli Funds Ltd Liability Company has 68,000 shares for 0% of their US portfolio. Blackrock Fund Advisors has invested 0% of its portfolio in KEMET Corporation (NYSE:KEM). Bancorp Of Mellon Corporation has 0% invested in the company for 69,489 shares. Reilly Fincl Lc owns 2,000 shares or 0% of their US portfolio. Blackrock Ltd Liability Corp holds 0% of its portfolio in KEMET Corporation (NYSE:KEM) for 8,847 shares. Parallax Volatility Advisers Ltd Partnership last reported 0% of its portfolio in the stock. Schneider Mgmt Corp has 0.9% invested in the company for 1.63M shares. Bluefin Trading Ltd accumulated 0.05% or 178,355 shares. Vanguard has 0% invested in the company for 1.50M shares. Blackrock Ltd reported 44,487 shares or 0% of all its holdings. Geode Capital Management Limited Liability Co has 228,039 shares for 0% of their US portfolio. Wells Fargo & Mn has 8 shares for 0% of their US portfolio.

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, Streetinsider.com published: “Kemet Corporation (KEM) Misses Q4 EPS by 3c; NEC TOKIN Joint Venture Reaches …” on May 03, 2016. More interesting news about KEMET Corporation (NYSE:KEM) were released by: Miamiherald.com and their article: “Global electronics manufacturer Kemet has a headquarters in Fort Lauderdale” published on April 03, 2015 as well as Seekingalpha.com‘s news article titled: “Charge Up Your Portfolio With 14% Yields From Kemet Corporation’s May 2018 Bonds” with publication date: November 16, 2015.

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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