Nordea Investment Management AB boosted its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 32.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,700 shares of the electronics maker’s stock after purchasing an additional 2,600 shares during the quarter. Nordea Investment Management AB’s holdings in Kimball Electronics were worth $193,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KE. Wells Fargo & Company MN raised its stake in Kimball Electronics by 18.3% in the first quarter. Wells Fargo & Company MN now owns 141,659 shares of the electronics maker’s stock valued at $2,401,000 after purchasing an additional 21,885 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Kimball Electronics by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 207,411 shares of the electronics maker’s stock valued at $3,516,000 after purchasing an additional 8,450 shares in the last quarter. Karp Capital Management Corp acquired a new position in Kimball Electronics in the first quarter valued at about $193,000. American International Group Inc. raised its stake in Kimball Electronics by 7.1% in the first quarter. American International Group Inc. now owns 17,291 shares of the electronics maker’s stock valued at $293,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Kimball Electronics by 21.6% in the first quarter. Teachers Advisors LLC now owns 64,889 shares of the electronics maker’s stock valued at $1,100,000 after purchasing an additional 11,507 shares in the last quarter. 56.69% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics, Inc. (NASDAQ:KE) opened at 22.00 on Friday. The company has a 50-day moving average price of $20.46 and a 200-day moving average price of $18.45. The firm has a market cap of $589.91 million, a P/E ratio of 17.74 and a beta of 1.02. Kimball Electronics, Inc. has a 1-year low of $13.55 and a 1-year high of $22.27.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $241.27 million for the quarter. Kimball Electronics had a return on equity of 9.24% and a net margin of 3.67%. On average, equities research analysts forecast that Kimball Electronics, Inc. will post $0.93 EPS for the current fiscal year.

Kimball Electronics announced that its board has authorized a stock repurchase plan on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 42% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

KE has been the subject of a number of analyst reports. BidaskClub raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 15th. ValuEngine downgraded Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

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Kimball Electronics Company Profile

Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.

Institutional Ownership by Quarter for Kimball Electronics (NASDAQ:KE)

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