125,262 Shares in Kimball Electronics, Inc. $KE Purchased by Globeflex Capital L P

Globeflex Capital L P purchased a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) in the 2nd quarter, Holdings Channel reports. The firm purchased 125,262 shares of the electronics maker’s stock, valued at approximately $3,207,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Kimball Electronics during the 2nd quarter valued at $62,468,000. Vanguard Group Inc. increased its holdings in shares of Kimball Electronics by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 1,995,742 shares of the electronics maker’s stock worth $55,522,000 after buying an additional 48,456 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Kimball Electronics by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 677,488 shares of the electronics maker’s stock worth $18,852,000 after buying an additional 6,586 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Kimball Electronics by 13.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 515,409 shares of the electronics maker’s stock worth $14,339,000 after buying an additional 59,446 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Kimball Electronics by 16.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 479,220 shares of the electronics maker’s stock valued at $14,310,000 after acquiring an additional 67,299 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

Shares of KE stock opened at $23.11 on Monday. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $553.95 million, a PE ratio of 20.45, a P/E/G ratio of 1.03 and a beta of 1.23. The company’s fifty day simple moving average is $25.06 and its 200-day simple moving average is $25.15. Kimball Electronics, Inc. has a 52 week low of $21.01 and a 52 week high of $33.19.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%.The business had revenue of $371.57 million for the quarter, compared to analysts’ expectations of $373.63 million. As a group, equities research analysts anticipate that Kimball Electronics, Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

KE has been the subject of a number of research reports. KeyCorp initiated coverage on Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Wall Street Zen lowered Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Zacks Research upgraded Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Kimball Electronics currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.