Sapient Capital LLC trimmed its position in shares of Kimball Electronics, Inc. (NASDAQ:KE – Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,514 shares of the electronics maker’s stock after selling 25,441 shares during the quarter. Sapient Capital LLC’s holdings in Kimball Electronics were worth $8,474,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Kimball Electronics during the third quarter valued at about $28,000. State of Alaska Department of Revenue acquired a new stake in shares of Kimball Electronics during the third quarter valued at about $31,000. Raymond James Financial Inc. acquired a new stake in shares of Kimball Electronics during the second quarter valued at about $34,000. Farther Finance Advisors LLC acquired a new stake in shares of Kimball Electronics during the fourth quarter valued at about $35,000. Finally, CWM LLC boosted its stake in shares of Kimball Electronics by 135.2% during the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 715 shares in the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
KE has been the topic of a number of recent research reports. Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Zacks Research downgraded Kimball Electronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kimball Electronics presently has a consensus rating of “Hold” and a consensus price target of $32.00.
Kimball Electronics Stock Performance
Shares of KE stock opened at $24.53 on Monday. The company has a market cap of $589.95 million, a P/E ratio of 23.59, a PEG ratio of 0.85 and a beta of 1.25. The stock has a 50 day simple moving average of $25.06 and a two-hundred day simple moving average of $27.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. Kimball Electronics, Inc. has a fifty-two week low of $17.17 and a fifty-two week high of $33.19.
Kimball Electronics (NASDAQ:KE – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $352.92 million for the quarter, compared to the consensus estimate of $356.27 million. Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. Research analysts forecast that Kimball Electronics, Inc. will post 1.44 earnings per share for the current year.
Kimball Electronics Profile
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.
Read More
- Five stocks we like better than Kimball Electronics
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Want to see what other hedge funds are holding KE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimball Electronics, Inc. (NASDAQ:KE – Free Report).
Receive News & Ratings for Kimball Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
