Kemet Corp (NYSE:KEM) Sentiment Up in 2018 Q1

June 15, 2018 - By Ellis Scott

KEMET Corporation (NYSE:KEM) Logo

Sentiment for Kemet Corp (NYSE:KEM)

Kemet Corp (NYSE:KEM) institutional sentiment increased to 1.53 in 2018 Q1. Its up 0.10, from 1.43 in 2017Q4. The ratio is positive, as 110 funds started new or increased stock positions, while 72 sold and decreased their stock positions in Kemet Corp. The funds in our partner’s database now own: 39.63 million shares, up from 38.35 million shares in 2017Q4. Also, the number of funds holding Kemet Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 27 Reduced: 45 Increased: 64 New Position: 46.

KEMET Corporation, together with its subsidiaries, makes and sells passive electronic components under the KEMET brand worldwide. The company has market cap of $1.41 billion. The firm operates through two divisions, Solid Capacitors, and Film and Electrolytic. It has a 5.21 P/E ratio. The Company’s products include tantalum, multilayer ceramic, film, electrolytic, paper, and solid aluminum capacitors, as well as EMI filters.

The stock increased 3.39% or $0.81 during the last trading session, reaching $24.69. About 1.23 million shares traded or 10.94% up from the average. KEMET Corporation (NYSE:KEM) has risen 37.25% since June 15, 2017 and is uptrending. It has outperformed by 24.68% the S&P500.

Analysts await KEMET Corporation (NYSE:KEM) to report earnings on August, 1. They expect $0.43 earnings per share, up 34.38 % or $0.11 from last year’s $0.32 per share. KEM’s profit will be $24.49M for 14.35 P/E if the $0.43 EPS becomes a reality. After $0.40 actual earnings per share reported by KEMET Corporation for the previous quarter, Wall Street now forecasts 7.50 % EPS growth.

Nokomis Capital L.L.C. holds 6.75% of its portfolio in KEMET Corporation for 1.94 million shares. Portolan Capital Management Llc owns 719,260 shares or 1.43% of their US portfolio. Moreover, Zpr Investment Management has 1.02% invested in the company for 38,970 shares. The New York-based Trellus Management Company Llc has invested 0.58% in the stock. Navellier & Associates Inc, a Nevada-based fund reported 137,599 shares.

Since January 1, 0001, it had 0 buys, and 13 selling transactions for $5.18 million activity.

KEMET Corporation (NYSE:KEM) Ratings Coverage

Ratings analysis reveals 50% of Kemet Corp’s analysts are positive. Out of 2 Wall Street analysts rating Kemet Corp, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $20.0 while the high is $24.75. The stock’s average target of $22.38 is -9.36% below today’s ($24.69) share price. KEM was included in 4 notes of analysts from January 18, 2018. The rating was maintained by FBR Capital on Monday, May 14 with “Buy”. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 18. FBR Capital maintained KEMET Corporation (NYSE:KEM) on Friday, February 2 with “Buy” rating.

More notable recent KEMET Corporation (NYSE:KEM) news were published by: Globenewswire.com which released: “KEMET Expands Industry-Leading X7R 250 Volt Product Portfolio” on May 22, 2018, also Seekingalpha.com with their article: “Boston Scientific Is A Good Earnings Story – Cramer’s Lightning Round (6/13/18)” published on June 14, 2018, Seekingalpha.com published: “All Systems Go At KEMET” on May 22, 2018. More interesting news about KEMET Corporation (NYSE:KEM) were released by: Globenewswire.com and their article: “KEMET Introduces 150 Degrees Celsius Automotive Qualified Polymer Electrolytic Capacitors” published on May 29, 2018 as well as Globenewswire.com‘s news article titled: “KEMET Reports Preliminary Fiscal Year and Fourth Quarter 2018 Results” with publication date: May 17, 2018.

KEMET Corporation (NYSE:KEM) Institutional Positions Chart

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