The stock of KEMET Corporation (NYSE:KEM) hit a new 52-week high and has $5.48 target or 47.00% above today’s $3.73 share price. The 8 months bullish chart indicates low risk for the $168.68M company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $5.48 price target is reached, the company will be worth $79.28M 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 163,042 shares traded hands or 213.49% up from the average. KEMET Corporation (NYSE:KEM) has risen 81.63% since March 30, 2016 and is uptrending. It has outperformed by 78.62% the S&P500.
Analysts await KEMET Corporation (NYSE:KEM) to report earnings on November, 3. They expect $0.04 earnings per share, down 33.33% or $0.02 from last year’s $0.06 per share. KEM’s profit will be $1.81M for 23.31 P/E if the $0.04 EPS becomes a reality. After $0.05 actual earnings per share reported by KEMET Corporation for the previous quarter, Wall Street now forecasts -20.00% 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 1.09 in Q2 2016. Its up 0.48, from 0.61 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.
Deutsche Bank & Trust Ag, a Germany-based fund reported 21,681 shares. Connor Clark Lunn Investment Management Ltd has 122,050 shares for 0% of their US portfolio. Goldman Sachs Gru accumulated 67,641 shares or 0% of the stock. The Virginia-based Virginia Retirement Systems Et Al has invested 0% in KEMET Corporation (NYSE:KEM). Manufacturers Life Insurance Co The last reported 0% of its portfolio in the stock. Blackrock Institutional Tru Na has 1.24M shares for 0% of their US portfolio. D E Shaw & last reported 0% of its portfolio in the stock. Earnest Prtnrs Ltd Limited Liability Company has 1,999 shares for 0% of their US portfolio. Tocqueville Asset Limited Partnership last reported 2.13M shares in the company. Jpmorgan Chase & Com last reported 26,600 shares in the company. California Employees Retirement System has 0% invested in the company for 90,100 shares. Blackrock Mgmt Ltd Liability Corp has invested 0% of its portfolio in KEMET Corporation (NYSE:KEM). Blackrock Fund Advsrs reported 117,878 shares or 0% of all its holdings. Moreover, Eagle Advsr Ltd has 0% invested in KEMET Corporation (NYSE:KEM) for 23,310 shares. National Bank Of America De accumulated 0% or 1.40 million shares.
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 Reuters.com published article titled: “BRIEF-KEMET Corp Q2 GAAP loss per share $0.11”, Prnewswire.com published: “KEMET Corporation Purchases IntelliData, Inc.” on April 01, 2015. More interesting news about KEMET Corporation (NYSE:KEM) was released by: Prnewswire.com and their article: “KEMET Announces New Global Sales and Marketing Senior Vice President” with publication date: July 07, 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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