NewEdge Advisors LLC Has $4.43 Million Position in Kimball Electronics, Inc. $KE

NewEdge Advisors LLC boosted its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 74.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,186 shares of the electronics maker’s stock after purchasing an additional 80,000 shares during the quarter. NewEdge Advisors LLC’s holdings in Kimball Electronics were worth $4,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KE. Vanguard Group Inc. raised its position in shares of Kimball Electronics by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 1,995,742 shares of the electronics maker’s stock valued at $55,522,000 after purchasing an additional 48,456 shares during the period. Geode Capital Management LLC grew its stake in Kimball Electronics by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 677,488 shares of the electronics maker’s stock valued at $18,852,000 after buying an additional 6,586 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 valued at $14,339,000 after buying an additional 59,446 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Kimball Electronics by 16.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 479,220 shares of the electronics maker’s stock worth $14,310,000 after acquiring an additional 67,299 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Kimball Electronics by 2.2% in the 4th quarter. BNP Paribas Financial Markets now owns 266,694 shares of the electronics maker’s stock worth $7,419,000 after acquiring an additional 5,844 shares during the period. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Trading Up 0.4%

Shares of KE stock opened at $25.23 on Wednesday. Kimball Electronics, Inc. has a 1 year low of $19.96 and a 1 year high of $33.19. The firm’s fifty day simple moving average is $25.15 and its 200 day simple moving average is $25.45. The firm has a market capitalization of $606.78 million, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 1.12 and a beta of 1.23. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. 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. Zacks Research raised Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, KeyCorp assumed coverage on Kimball Electronics in a research note on Thursday, July 2nd. They set a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock 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.