Martingale Asset Management L P Has $1.36 Million Position in Kimball Electronics, Inc. $KE

Key Points

• Martingale Asset Management L P increased its stake in Kimball Electronics by 42.8%, acquiring an additional 24,844 shares in the first quarter, bringing their total ownership to 82,915 shares valued at approximately $1.36 million.
• Multiple institutional investors have shown interest in Kimball Electronics, with 75.99% of the company's stock now held by such investors, including notable stakes from American Century Companies Inc. and Charles Schwab Investment Management Inc.
• Kimball Electronics reported earnings of $0.34 per share, exceeding the consensus estimate of $0.20, alongside a revenue figure of $380.47 million, above the anticipated $333.19 million.

Martingale Asset Management L P boosted its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 42.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,915 shares of the electronics maker's stock after purchasing an additional 24,844 shares during the quarter. Martingale Asset Management L P owned about 0.34% of Kimball Electronics worth $1,364,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KE. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 4,070 shares during the period. Aquatic Capital Management LLC lifted its position in shares of Kimball Electronics by 211.6% during the 4th quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock valued at $163,000 after acquiring an additional 5,926 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Kimball Electronics during the 1st quarter valued at $177,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Kimball Electronics during the 1st quarter valued at $200,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Kimball Electronics during the 4th quarter valued at $201,000. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Price Performance

Shares of KE stock traded down $0.36 on Wednesday, hitting $28.35. 198,994 shares of the company's stock were exchanged, compared to its average volume of 162,850. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.24. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $28.99. The stock has a market cap of $691.17 million, a P/E ratio of 42.31 and a beta of 1.22. The company has a 50 day moving average of $21.04 and a 200 day moving average of $18.14.

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

Analyst Upgrades and Downgrades

KE has been the subject of a number of recent analyst reports. B. Riley reiterated a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Wall Street Zen downgraded Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, Lake Street Capital upped their target price on Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kimball Electronics currently has an average rating of "Buy" and a consensus target price 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.