NewEdge Advisors LLC Trims Stake in Kimball Electronics, Inc. (NASDAQ:KE)

NewEdge Advisors LLC lessened its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,030 shares of the electronics maker’s stock after selling 1,000 shares during the period. NewEdge Advisors LLC owned about 0.68% of Kimball Electronics worth $3,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in shares of Kimball Electronics by 96.4% in the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock valued at $1,218,000 after buying an additional 32,271 shares in the last quarter. Geode Capital Management LLC increased its holdings in Kimball Electronics by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker’s stock worth $10,686,000 after acquiring an additional 4,044 shares in the last quarter. SG Americas Securities LLC increased its holdings in Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after acquiring an additional 2,528 shares in the last quarter. State Street Corp raised its position in Kimball Electronics by 1.4% during the third quarter. State Street Corp now owns 565,069 shares of the electronics maker’s stock worth $10,459,000 after acquiring an additional 7,864 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Kimball Electronics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker’s stock valued at $1,533,000 after purchasing an additional 3,939 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Price Performance

NASDAQ:KE opened at $13.18 on Monday. Kimball Electronics, Inc. has a one year low of $12.41 and a one year high of $24.45. The stock has a market cap of $323.63 million, a PE ratio of 41.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The stock has a 50 day moving average price of $16.06 and a 200 day moving average price of $17.77.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Equities research analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KE shares. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Lake Street Capital decreased their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Kimball Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.