The stock of KEMET Corporation (NYSE:KEM) is a huge mover today! About 315,970 shares traded hands or 24.06% 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.
The move comes after 7 months positive chart setup for the $250.61M company. It was reported on Nov, 28 by Barchart.com. We have $5.72 PT which if reached, will make NYSE:KEM worth $17.54 million more.
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 22.33 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 Q2 2016. Its up 0.54, from 1.09 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.
The Georgia-based Advisory Network has invested 0% in KEMET Corporation (NYSE:KEM). D E Shaw And reported 227,683 shares or 0% of all its holdings. Invesco last reported 0% of its portfolio in the stock. Dimensional Fund Advisors Lp owns 2.06M shares or 0% of their US portfolio. Moreover, Tocqueville Asset Management Lp has 0.08% invested in KEMET Corporation (NYSE:KEM) for 2.13 million shares. Blackrock Fund Advsr holds 117,878 shares or 0% of its portfolio. Wells Fargo And Mn accumulated 0% or 8 shares. Great Lakes Advsrs Ltd Com holds 0% of its portfolio in KEMET Corporation (NYSE:KEM) for 10,000 shares. Jbf Capital has 100 shares for 0% of their US portfolio. Walleye Trading Ltd has 0% invested in the company for 19,500 shares. Manufacturers Life The holds 0% or 243 shares in its portfolio. Eagle Advisors Limited Co holds 23,310 shares or 0% of its portfolio. Parallax Volatility Advisers Limited Partnership last reported 559,344 shares in the company. Virginia Retirement Sys Et Al accumulated 60,900 shares or 0% of the stock. Vanguard Gru accumulated 1.50 million shares or 0% of the stock.
More important 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 Zacks.com published article titled: “5 of the Best Stocks Under $10”, Prnewswire.com published: “KEMET Corporation Purchases IntelliData, Inc.” on April 01, 2015. More interesting news about KEMET Corporation (NYSE:KEM) was released by: Streetinsider.com and their article: “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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