Voya Investment Management LLC Has $297,000 Stake in Kimball Electronics, Inc. (KE)

Voya Investment Management LLC lifted its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,463 shares of the electronics maker’s stock after purchasing an additional 1,972 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Kimball Electronics worth $297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KE. American International Group Inc. increased its stake in shares of Kimball Electronics by 7.1% during the 1st quarter. American International Group Inc. now owns 17,291 shares of the electronics maker’s stock worth $293,000 after purchasing an additional 1,139 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Kimball Electronics by 21.6% during the 1st quarter. Teachers Advisors LLC now owns 64,889 shares of the electronics maker’s stock worth $1,100,000 after purchasing an additional 11,507 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Kimball Electronics by 23.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 138,610 shares of the electronics maker’s stock worth $2,349,000 after purchasing an additional 26,079 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Kimball Electronics by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 1,145,146 shares of the electronics maker’s stock worth $19,410,000 after purchasing an additional 56,057 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Kimball Electronics by 6.9% during the 1st quarter. Geode Capital Management LLC now owns 430,495 shares of the electronics maker’s stock worth $7,296,000 after purchasing an additional 27,752 shares during the last quarter. Institutional investors own 55.89% of the company’s stock.

Shares of Kimball Electronics, Inc. (NASDAQ KE) opened at $20.00 on Wednesday. The stock has a market cap of $535.43, a price-to-earnings ratio of 16.76 and a beta of 1.01. Kimball Electronics, Inc. has a 1-year low of $15.05 and a 1-year high of $22.45.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $253.20 million during the quarter. Kimball Electronics had a net margin of 3.40% and a return on equity of 9.63%.

Kimball Electronics announced that its board has initiated a stock buyback program on Thursday, August 24th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the electronics maker to repurchase up to 42% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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Several research firms recently issued reports on KE. BidaskClub downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. ValuEngine downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

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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