Tocqueville Asset Management L.P. lowered its position in shares of Kemet Corp. (NYSE:KEM) by 20.5% during the second quarter, Holdings Channel reports. The firm owned 2,131,871 shares of the company’s stock after selling 549,800 shares during the period. Tocqueville Asset Management L.P.’s holdings in Kemet Corp. were worth $6,246,000 as of its most recent filing with the SEC.
Separately, Spark Investment Management LLC boosted its stake in shares of Kemet Corp. by 88.0% in the first quarter. Spark Investment Management LLC now owns 244,900 shares of the company’s stock worth $472,000 after buying an additional 114,600 shares during the last quarter. 51.91% of the stock is owned by institutional investors and hedge funds.
Kemet Corp. (NYSE:KEM) remained flat at $3.64 during trading on Tuesday. The stock had a trading volume of 27,406 shares. The firm has a 50-day moving average of $3.48 and a 200-day moving average of $2.97. The company’s market cap is $168.30 million. Kemet Corp. has a 12-month low of $1.26 and a 12-month high of $3.70.
Kemet Corp. (NYSE:KEM) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The firm earned $184.90 million during the quarter, compared to analysts’ expectations of $183.13 million. Kemet Corp. had a positive return on equity of 6.38% and a negative net margin of 3.93%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. On average, equities analysts expect that Kemet Corp. will post $0.29 EPS for the current fiscal year.
A number of analysts have commented on KEM shares. B. Riley restated a “buy” rating and issued a $4.75 price target on shares of Kemet Corp. in a research report on Sunday, July 31st. TheStreet upgraded Kemet Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Zacks Investment Research upgraded Kemet Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 6th.
Kemet Corp. Company Profile
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.