Kimball Electronics (NASDAQ:KE) Reaches New 1-Year High - Still a Buy?

Key Points

• Kimball Electronics (NASDAQ: KE) reached a new 12-month high of $31.02 during trading, following a prior close of $30.59, indicating strong market confidence.
• Multiple analysts upgraded their ratings for Kimball Electronics, with Zacks Research labeling it a strong-buy and B. Riley maintaining a buy rating, suggesting a positive outlook based on a consensus price target of $28.00.
• For the latest quarter, Kimball Electronics reported earnings per share of $0.34, exceeding analyst expectations and highlighting its revenue growth with $380.47 million compared to estimates of $333.19 million.

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $31.02 and last traded at $31.01, with a volume of 47940 shares trading hands. The stock had previously closed at $30.59.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KE shares. Zacks Research raised shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. B. Riley reaffirmed a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Wall Street Zen upgraded shares of Kimball Electronics from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. Finally, Lake Street Capital boosted their target price on shares of Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $28.00.

Kimball Electronics Stock Performance

The company has a market cap of $770.16 million, a PE ratio of 47.15 and a beta of 1.28. The firm's 50-day simple moving average is $24.68 and its two-hundred day simple moving average is $19.64. The company has a current ratio of 2.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $333.19 million. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

A number of hedge funds have recently added to or reduced their stakes in KE. Founders Capital Management acquired a new position in Kimball Electronics during the 2nd quarter worth about $29,000. Raymond James Financial Inc. purchased a new stake in shares of Kimball Electronics during the second quarter worth $34,000. Tower Research Capital LLC TRC increased its holdings in shares of Kimball Electronics by 197.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker's stock worth $55,000 after purchasing an additional 1,901 shares during the period. GAMMA Investing LLC increased its stake in Kimball Electronics by 3,256.0% in the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after acquiring an additional 4,070 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its stake in shares of Kimball Electronics by 12.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock valued at $144,000 after buying an additional 806 shares during the last quarter. Institutional investors own 75.99% of the company's stock.

About Kimball Electronics

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.