Geode Capital Management LLC Has $10.84 Million Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Geode Capital Management LLC grew its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 578,634 shares of the electronics maker’s stock after purchasing an additional 1,405 shares during the quarter. Geode Capital Management LLC owned about 2.34% of Kimball Electronics worth $10,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Kimball Electronics during the fourth quarter valued at approximately $82,000. SG Americas Securities LLC grew its holdings in shares of Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock valued at $211,000 after buying an additional 2,528 shares during the period. AlphaQuest LLC grew its holdings in shares of Kimball Electronics by 358.2% in the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker’s stock valued at $285,000 after buying an additional 11,901 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Kimball Electronics in the 4th quarter valued at $397,000. Finally, Linden Thomas Advisory Services LLC raised its stake in Kimball Electronics by 17.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 28,992 shares of the electronics maker’s stock worth $543,000 after buying an additional 4,329 shares during the period. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Stock Performance

KE opened at $13.53 on Wednesday. The company has a market capitalization of $332.23 million, a price-to-earnings ratio of 42.28 and a beta of 1.18. The business’s 50-day moving average price is $15.91 and its two-hundred day moving average price is $17.71. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $24.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Equities analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

KE has been the subject of a number of research analyst reports. Lake Street Capital decreased their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.