10,767 Shares in Kimball Electronics, Inc. $KE Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC has acquired 10,767 shares of Kimball Electronics, Inc. valued at approximately $177,000, marking its first investment in the company during the first quarter.
• Institutional investors own 75.99% of Kimball Electronics' shares, with significant increases in stakes from several funds, including American Century Companies Inc., which boosted its stake by 20.2%.
• Wall Street analysts have increased Kimball Electronics' target price from $21.00 to $28.00 and rated the stock as a "buy," contributing to a strong market performance.

EntryPoint Capital LLC purchased a new position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,767 shares of the electronics maker's stock, valued at approximately $177,000.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in Kimball Electronics by 20.2% in the 1st quarter. American Century Companies Inc. now owns 588,861 shares of the electronics maker's stock worth $9,687,000 after purchasing an additional 98,965 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Kimball Electronics by 45.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker's stock worth $5,580,000 after purchasing an additional 105,889 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kimball Electronics by 34.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker's stock worth $4,946,000 after purchasing an additional 77,272 shares in the last quarter. Northern Trust Corp lifted its stake in Kimball Electronics by 17.9% during the 4th quarter. Northern Trust Corp now owns 286,411 shares of the electronics maker's stock valued at $5,364,000 after acquiring an additional 43,403 shares during the period. Finally, Nuveen LLC bought a new position in Kimball Electronics during the 1st quarter valued at about $4,036,000. Institutional investors own 75.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Lake Street Capital upped their target price on shares of Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Wall Street Zen cut shares of Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, B. Riley restated a "buy" rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kimball Electronics has an average rating of "Buy" and a consensus target price of $28.00.

Kimball Electronics Price Performance

NASDAQ KE opened at $28.34 on Monday. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $28.86. The firm has a market capitalization of $690.93 million, a P/E ratio of 42.30 and a beta of 1.22. The company has a quick ratio of 1.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $20.47 and a 200-day moving average price of $17.91.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.17%. The firm had revenue of $380.47 million during the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

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.

Want to see what other hedge funds are holding KE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimball Electronics, Inc. (NASDAQ:KE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.