Kimball Electronics, Inc. $KE Stock Holdings Increased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its Kimball Electronics stake by 74.6% in the first quarter, adding 80,000 shares to own 187,186 shares worth approximately $4.43 million. Institutional investors collectively hold about 75.99% of the company.
• Analyst opinions are mixed, but MarketBeat reports a consensus “Moderate Buy” rating with an average price target of $32, compared with the stock’s recent price of $25.23.
• Kimball Electronics shares were up 0.4%, while the company posted a market capitalization of roughly $606.8 million and traded within a 52-week range of $19.96 to $33.19.

NewEdge Advisors LLC increased its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 74.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 owned approximately 0.78% of Kimball Electronics worth $4,434,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KE. Quarry LP purchased a new stake in Kimball Electronics in the 3rd quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new stake in shares of Kimball Electronics during the 2nd quarter valued at $34,000. Farther Finance Advisors LLC purchased a new position in shares of Kimball Electronics during the 4th quarter valued at $35,000. CWM LLC increased its stake in shares of Kimball Electronics by 135.2% in the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker's stock worth $35,000 after acquiring an additional 715 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Kimball Electronics in the fourth quarter worth $38,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Zacks Research raised Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. Wall Street Zen downgraded Kimball Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. KeyCorp started coverage on Kimball Electronics in a research note on Thursday, July 2nd. They issued a "sector weight" rating for the company. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Kimball Electronics in a report on Tuesday, August 4th. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Kimball Electronics Stock Up 0.4%

KE stock opened at $25.23 on Wednesday. The firm has a market cap of $606.78 million, a PE ratio of 24.26, a PEG ratio of 1.12 and a beta of 1.23. Kimball Electronics, Inc. has a 1 year low of $19.96 and a 1 year high of $33.19. The company has a fifty day simple moving average of $25.15 and a 200 day simple moving average of $25.45. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22.

About Kimball Electronics

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.

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