JPMorgan Chase & Co. Increases Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

JPMorgan Chase & Co. grew its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 142.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 113,208 shares of the electronics maker's stock after buying an additional 66,444 shares during the period. JPMorgan Chase & Co. owned 0.46% of Kimball Electronics worth $2,120,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Kimball Electronics by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock worth $36,440,000 after purchasing an additional 92,166 shares during the period. Geode Capital Management LLC boosted its holdings in Kimball Electronics by 0.7% in the third quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker's stock worth $10,686,000 after purchasing an additional 4,044 shares during the last quarter. State Street Corp lifted its holdings in shares of Kimball Electronics by 1.4% during the 3rd quarter. State Street Corp now owns 565,069 shares of the electronics maker's stock valued at $10,459,000 after buying an additional 7,864 shares during the period. American Century Companies Inc. lifted its holdings in shares of Kimball Electronics by 13.0% during the 4th quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker's stock valued at $9,176,000 after buying an additional 56,175 shares during the period. Finally, Grace & White Inc. NY lifted its holdings in shares of Kimball Electronics by 5.5% during the 4th quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker's stock valued at $5,074,000 after buying an additional 14,100 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Performance

Shares of NASDAQ:KE traded up $0.13 during midday trading on Tuesday, hitting $14.83. The company had a trading volume of 107,468 shares, compared to its average volume of 121,726. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The company has a market cap of $364.15 million, a price-to-earnings ratio of 46.35 and a beta of 1.18. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $24.45. The company has a fifty day moving average of $15.61 and a two-hundred day moving average of $17.61.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, equities research analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KE shares. Lake Street Capital lowered their price target on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. StockNews.com raised Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.75.

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.