Assenagon Asset Management S.A. Sells 40,411 Shares of Kimball Electronics, Inc. $KE

Assenagon Asset Management S.A. reduced its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 21.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,462 shares of the electronics maker’s stock after selling 40,411 shares during the quarter. Assenagon Asset Management S.A. owned about 0.62% of Kimball Electronics worth $4,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Founders Capital Management bought a new position in shares of Kimball Electronics in the 2nd quarter worth $29,000. Raymond James Financial Inc. purchased a new position in Kimball Electronics in the second quarter worth $34,000. Tower Research Capital LLC TRC grew its position in 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 acquiring an additional 1,901 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its stake in Kimball Electronics by 12.1% in the second quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker’s stock valued at $144,000 after acquiring an additional 806 shares during the last quarter. Finally, AlphaQuest LLC raised its position in Kimball Electronics by 9.1% during the second quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker’s stock valued at $156,000 after purchasing an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

Shares of KE stock opened at $28.52 on Monday. The company has a market capitalization of $694.18 million, a P/E ratio of 30.02, a PEG ratio of 1.05 and a beta of 1.15. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $33.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.21. The stock has a 50 day moving average price of $28.87 and a two-hundred day moving average price of $25.66.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, November 5th. The electronics maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.24 by $0.25. Kimball Electronics had a net margin of 1.62% and a return on equity of 6.28%. The company had revenue of $365.60 million for the quarter, compared to the consensus estimate of $338.43 million. Analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, October 14th. B. Riley restated a “buy” rating on shares of Kimball Electronics in a research report on Thursday, October 9th. Wall Street Zen raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Lake Street Capital reissued a “buy” rating and set a $32.00 price target on shares of Kimball Electronics in a research note on Friday, November 7th. Finally, Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $32.00.

About Kimball Electronics

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.