EntryPoint Capital LLC Makes New $177,000 Investment in Kimball Electronics, Inc. $KE

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 stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,767 shares of the electronics maker's stock, valued at approximately $177,000.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Kimball Electronics by 3,256.0% in the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after buying an additional 4,070 shares in the last quarter. Aquatic Capital Management LLC lifted its stake in Kimball Electronics by 211.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock worth $163,000 after purchasing an additional 5,926 shares during the period. Graham Capital Management L.P. acquired a new stake in Kimball Electronics during the fourth quarter valued at approximately $201,000. Point72 Asset Management L.P. boosted its holdings in Kimball Electronics by 17.0% during the fourth quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock valued at $204,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Kimball Electronics in the 1st quarter valued at approximately $200,000. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Trading Up 0.0%

Shares of NASDAQ KE traded up $0.01 during mid-day trading on Friday, hitting $28.87. The company's stock had a trading volume of 187,257 shares, compared to its average volume of 270,297. Kimball Electronics, Inc. has a one year low of $12.41 and a one year high of $29.11. The company's fifty day simple moving average is $21.44 and its 200-day simple moving average is $18.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.24. The stock has a market cap of $703.85 million, a price-to-earnings ratio of 43.09 and a beta of 1.22.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.14. The business had revenue of $380.47 million during the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%. Kimball Electronics has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KE. Zacks Research raised shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Thursday. B. Riley reaffirmed a "buy" rating on shares of Kimball Electronics in a report on Thursday, August 14th. Lake Street Capital lifted 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. Finally, Wall Street Zen lowered Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, Kimball Electronics presently has an average rating of "Buy" and an average price target of $28.00.

Kimball Electronics 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.