$0.38 EPS Expected for KEMET (KEM); Meru Capital Group LP Has Lowered Its Western Digital (WDC) Stake

October 13, 2017 - By Louis Casey

Analysts expect KEMET Corporation (NYSE:KEM) to report $0.38 EPS on November, 7.They anticipate $0.27 EPS change or 245.45% from last quarter’s $0.11 EPS. KEM’s profit would be $18.21M giving it 17.30 P/E if the $0.38 EPS is correct. After having $0.32 EPS previously, KEMET Corporation’s analysts see 18.75% EPS growth. About 2.58M shares traded. KEMET Corporation (NYSE:KEM) has risen 468.67% since October 13, 2016 and is uptrending. It has outperformed by 451.97% the S&P500.

Meru Capital Group Lp decreased Western Digital Corp (WDC) stake by 65.09% reported in 2017Q2 SEC filing. Meru Capital Group Lp sold 97,900 shares as Western Digital Corp (WDC)’s stock rose 15.69%. The Meru Capital Group Lp holds 52,500 shares with $4.65M value, down from 150,400 last quarter. Western Digital Corp now has $25.92 billion valuation. The stock rose 0.23% or $0.2 reaching $88. About 5.28 million shares traded or 23.65% up from the average. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since October 13, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Among 2 analysts covering Kemet (NYSE:KEM), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Kemet had 4 analyst reports since May 23, 2016 according to SRatingsIntel. Stifel Nicolaus maintained KEMET Corporation (NYSE:KEM) rating on Sunday, August 6. Stifel Nicolaus has “Hold” rating and $15.5000 target. As per Sunday, September 10, the company rating was maintained by Stifel Nicolaus. On Wednesday, October 4 the stock rating was maintained by Stifel Nicolaus with “Hold”. B. Riley & Co initiated the shares of KEM in report on Monday, May 23 with “Buy” rating.

Investors sentiment increased to 2.29 in 2017 Q2. Its up 0.38, from 1.91 in 2017Q1. It improved, as 15 investors sold KEMET Corporation shares while 23 reduced holdings. 50 funds opened positions while 37 raised stakes. 30.66 million shares or 20.56% more from 25.43 million shares in 2017Q1 were reported. Federated Inc Pa reported 33,925 shares or 0% of all its holdings. Systematic Fincl Mgmt Limited Partnership invested in 332,225 shares or 0.08% of the stock. Aqr Management Limited Liability Com owns 38,655 shares. Legal General Gru Public Limited Co owns 11,542 shares. Metropolitan Life Insurance Commerce Ny, a New York-based fund reported 32,019 shares. Axa holds 0% of its portfolio in KEMET Corporation (NYSE:KEM) for 21,900 shares. The Colorado-based Jbf Capital has invested 0% in KEMET Corporation (NYSE:KEM). 70,000 are owned by Gabelli Funds Limited Liability Company. Renaissance Technology Limited Liability Corp owns 0.06% invested in KEMET Corporation (NYSE:KEM) for 3.79M shares. Parametric Port Limited stated it has 77,148 shares or 0% of all its holdings. Raymond James Assocs stated it has 0% in KEMET Corporation (NYSE:KEM). British Columbia – Canada-based Pacad has invested 0.03% in KEMET Corporation (NYSE:KEM). Florida-based Raymond James Services has invested 0% in KEMET Corporation (NYSE:KEM). 303,084 were reported by Deutsche Fincl Bank Ag. 22,674 were reported by Trexquant L P.

KEMET Corporation is a manufacturer of passive electronic components. The company has market cap of $1.26 billion. The Firm operates in two divisions: Solid Capacitors, and Film and Electrolytic. It has a 5.74 P/E ratio. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors.

Since May 15, 2017, it had 0 insider purchases, and 3 sales for $2.62 million activity. Lollini Claudio sold $134,901 worth of KEMET Corporation (NYSE:KEM) on Tuesday, May 16. LOWE WILLIAM M JR had sold 58,131 shares worth $840,905. 115,000 shares were sold by Meeks Charles C. JR, worth $1.65M on Monday, May 15.

Since April 28, 2017, it had 0 insider purchases, and 13 sales for $16.65 million activity. LONG MARK P sold 3,034 shares worth $271,664. On Friday, April 28 RAY MICHAEL CHARLES sold $1.41M worth of Western Digital Corp (NASDAQ:WDC) or 15,598 shares. 7,208 Western Digital Corp (NASDAQ:WDC) shares with value of $612,625 were sold by BHATIA MANISH H. $962,385 worth of Western Digital Corp (NASDAQ:WDC) was sold by CORDANO MICHAEL D. Sivaram Srinivasan sold $3.58M worth of Western Digital Corp (NASDAQ:WDC) on Thursday, May 4. Another trade for 21,410 shares valued at $1.86M was made by DeMaria Jacqueline on Monday, May 1.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 132 analyst reports since July 23, 2015 according to SRatingsIntel. On Monday, July 17 the stock rating was maintained by Cowen & Co with “Buy”. The rating was initiated by Guggenheim on Wednesday, January 4 with “Buy”. The rating was maintained by Maxim Group on Friday, July 28 with “Buy”. The stock of Western Digital Corp (NASDAQ:WDC) earned “Buy” rating by Maxim Group on Thursday, January 26. Goldman Sachs maintained it with “Neutral” rating and $55 target in Monday, June 6 report. The stock of Western Digital Corp (NASDAQ:WDC) earned “Equal-Weight” rating by Morgan Stanley on Thursday, July 23. Maxim Group upgraded Western Digital Corp (NASDAQ:WDC) on Tuesday, June 7 to “Buy” rating. Maxim Group maintained the shares of WDC in report on Wednesday, June 21 with “Buy” rating. The stock of Western Digital Corp (NASDAQ:WDC) has “Buy” rating given on Monday, July 24 by Loop Capital Markets. The rating was maintained by Mizuho on Sunday, June 4 with “Buy”.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.11, from 1.01 in 2017Q1. It increased, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Deroy & Devereaux Private Investment Counsel holds 119,844 shares. Fred Alger Mgmt holds 2.82 million shares. M&R Capital Mgmt Inc reported 0% stake. Moreover, North Star Invest Mngmt has 0.01% invested in Western Digital Corp (NASDAQ:WDC) for 1,000 shares. Manning & Napier Ltd Liability Co invested 0.04% of its portfolio in Western Digital Corp (NASDAQ:WDC). Pioneer Investment Management reported 294,312 shares. Whittier Of Nevada owns 102 shares or 0% of their US portfolio. Wesbanco Bank & Trust holds 17,473 shares. Robeco Institutional Asset Management Bv owns 33,952 shares. Granite Prns Limited Liability Company, California-based fund reported 32,966 shares. Moreover, Aberdeen Asset Mgmt Public Limited Co Uk has 0.03% invested in Western Digital Corp (NASDAQ:WDC) for 106,822 shares. Brown Brothers Harriman And accumulated 308 shares. Aviva Public Lc has 0.1% invested in Western Digital Corp (NASDAQ:WDC). Hap Trading Limited Liability Corp reported 0.06% in Western Digital Corp (NASDAQ:WDC). Public Sector Pension Inv Board has 33,312 shares for 0.03% of their portfolio.

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