Charles Schwab Investment Management Inc. Grows Holdings in Kimball Electronics, Inc. $KE

Charles Schwab Investment Management Inc. grew its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 34.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 300,694 shares of the electronics maker’s stock after acquiring an additional 77,272 shares during the period. Charles Schwab Investment Management Inc. owned about 1.22% of Kimball Electronics worth $4,946,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 4,070 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in Kimball Electronics by 211.6% during the 4th quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker’s stock worth $163,000 after acquiring an additional 5,926 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Kimball Electronics in the 1st quarter valued at $200,000. Graham Capital Management L.P. acquired a new position in shares of Kimball Electronics in the 4th quarter valued at $201,000. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Kimball Electronics by 17.0% in the 4th quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker’s stock valued at $204,000 after buying an additional 1,584 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Price Performance

Shares of NASDAQ KE opened at $28.35 on Thursday. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $28.99. The firm’s 50-day simple moving average is $21.04 and its 200 day simple moving average is $18.14. The company has a quick ratio of 1.24, a current ratio of 2.20 and a debt-to-equity ratio of 0.23. The stock has a market cap of $691.17 million, a P/E ratio of 42.31 and a beta of 1.22.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The business had revenue of $380.47 million for the quarter, compared to analysts’ expectations of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. Equities analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Lake Street Capital upped their target price on shares of Kimball Electronics from $21.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 15th. B. Riley reiterated a “buy” rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $28.00.

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.