Kemet Corporation (KEM)

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Prior Close: $19.42

Kemet and its subsidiaries make up one of the world’s largest manufacturers of solid tantalum capacitors and multilayer ceramic capacitors, the two fastest growing sectors of the U.S. capacitor industry. Kemet is set to report earnings next week, and our Earnings ESP indicator is currently signaling that a beat is likely. We also expect the company to report EPS growth of more than 200% and sales growth of about 57% for the quarter.

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KEMET Corporation (NYSE:KEM), a leading global supplier of electronic components, today announced that the Defense Logistics Agency (DLA) has accepted KEMET's qualification of C0G and BP dielectrics to MIL-PRF-32535 "M" and "T" levels making them the first base metal electrode (BME) MLCCs qualified for defense and aerospace applications. MIL-PRF-32535 is the DLA's first capacitor specification for defense and aerospace that capitalizes on industry leading base metal electrode (BME) technology. KEMET's MIL-PRF-32535 series utilizes BME technology to deliver up to an 18-fold increase in capacitance for C0G and BP dielectrics compared to the offerings in MIL-PRF-123 and MIL-PRF-55681 using precious metal electrode (PME) ceramic capacitors.

MIL-PRF-32535 is the first DLA specification to recognize a flexible termination option. KEMET's flexible termination utilizes a pliable conductive silver epoxy in the termination system. The addition of this epoxy layer inhibits the transfer of board stress to the rigid ceramic body, therefore mitigating flex cracks that can result in low insulation resistance or short circuit failures.

"This first-to-market product brings a paradigm shift in defense and aerospace applications with the use of BME technology," said Dr. Abhijit Gurav, KEMET Vice President of Ceramic Technology. "KEMET has been a leader in BME technology development for more than 20 years. With the long term, proven success of BME ceramic capacitors in high reliability medical and automotive applications, combined with higher volumetric efficiency, design engineers will now have access to significantly higher capacitance values in smaller case sizes. This enables more functionality, while reducing the payload weight in defense and space applications."

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1/16/18

Simpsonville, South Carolina headquartered KEMET Corp.'s shares rose 2.13%, closing the day at $17.25. A total volume of 1.19 million shares was traded. The stock has surged 18.07% in the last month and 154.80% over the past year. The Company's shares are trading 7.50% and 2.81% above their 50-day and 200-day moving averages, respectively. Additionally, shares of KEMET, which together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide, have an RSI of 67.47.

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