Kimball Electronics, Inc. $KE Stock Holdings Decreased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 61.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,104 shares of the electronics maker’s stock after selling 26,950 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Kimball Electronics worth $511,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Kimball Electronics during the third quarter valued at approximately $31,000. Raymond James Financial Inc. bought a new stake in shares of Kimball Electronics in the 2nd quarter valued at approximately $34,000. Tower Research Capital LLC TRC raised its position in shares of Kimball Electronics by 197.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 1,901 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Kimball Electronics by 78.8% during the third quarter. PNC Financial Services Group Inc. now owns 2,187 shares of the electronics maker’s stock worth $65,000 after purchasing an additional 964 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Kimball Electronics by 441.6% in the third quarter. New York State Teachers Retirement System now owns 2,199 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 1,793 shares during the period. Institutional investors own 75.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Zacks Research cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Kimball Electronics Price Performance

Shares of NASDAQ KE opened at $22.96 on Wednesday. The firm’s 50-day simple moving average is $27.29 and its 200 day simple moving average is $28.56. The stock has a market cap of $555.95 million, a P/E ratio of 23.92, a P/E/G ratio of 0.83 and a beta of 1.20. 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 quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.22.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.09%. The business had revenue of $341.28 million during the quarter, compared to analysts’ expectations of $339.34 million. Equities analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Kimball Electronics Company 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.