The stock of KEMET Corporation (NYSE:KEM) is a huge mover today! About 472,645 shares traded hands or 133.52% up from the average. KEMET Corporation (NYSE:KEM) has risen 103.72% since April 20, 2016 and is uptrending. It has outperformed by 99.17% the S&P500.
The move comes after 7 months positive chart setup for the $220.55 million company. It was reported on Nov, 22 by Barchart.com. We have $5.03 PT which if reached, will make NYSE:KEM worth $15.44 million more.
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 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.
Eagle Advisors Lc accumulated 23,310 shares or 0% of the stock. The New York-based Gabelli Funds Ltd has invested 0% in KEMET Corporation (NYSE:KEM). The Pennsylvania-based Tfs Cap Limited Co has invested 0.03% in KEMET Corporation (NYSE:KEM). Bridgeway Cap Mgmt Inc holds 0.03% of its portfolio in KEMET Corporation (NYSE:KEM) for 573,729 shares. Blackrock Grp Limited owns 44,487 shares or 0% of their US portfolio. Vanguard Group Inc has invested 0% of its portfolio in KEMET Corporation (NYSE:KEM). The California-based Blackrock Fund Advisors has invested 0% in KEMET Corporation (NYSE:KEM). Jbf Cap, a Colorado-based fund reported 100 shares. Virginia Retirement Et Al holds 60,900 shares or 0% of its portfolio. Bancorp Of America De has invested 0% of its portfolio in KEMET Corporation (NYSE:KEM). Great Lakes Advsr Limited Liability has 10,000 shares for 0% of their US portfolio. Blackrock Ltd Liability holds 0% or 7,950 shares in its portfolio. Brandywine Glob Inv Mgmt Ltd Limited Liability Company holds 20,400 shares or 0% of its portfolio. Dimensional Fund Advsrs L P last reported 0% of its portfolio in the stock. Earnest Limited Liability Company holds 0% of its portfolio in KEMET Corporation (NYSE:KEM) for 1,999 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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