Kimball Electronics, Inc. (NASDAQ:KE) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 289.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,533 shares of the electronics maker's stock after buying an additional 26,402 shares during the period. Dynamic Technology Lab Private Ltd owned 0.14% of Kimball Electronics worth $658,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Kimball Electronics by 45.9% in the first quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker's stock valued at $39,154,000 after buying an additional 569,015 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Kimball Electronics by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,055 shares of the electronics maker's stock worth $651,000 after acquiring an additional 889 shares in the last quarter. Janus Henderson Group PLC raised its position in Kimball Electronics by 7.4% during the first quarter. Janus Henderson Group PLC now owns 38,235 shares of the electronics maker's stock worth $828,000 after acquiring an additional 2,650 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in Kimball Electronics by 9.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 20,913 shares of the electronics maker's stock valued at $460,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Cardinal Capital Management lifted its holdings in Kimball Electronics by 21.6% during the second quarter. Cardinal Capital Management now owns 78,473 shares of the electronics maker's stock valued at $1,725,000 after purchasing an additional 13,935 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Trading Up 1.0 %

Shares of KE traded up $0.20 during midday trading on Friday, hitting $19.61. 53,879 shares of the stock were exchanged, compared to its average volume of 115,139. Kimball Electronics, Inc. has a 52-week low of $16.64 and a 52-week high of $27.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The stock has a fifty day simple moving average of $18.61 and a 200 day simple moving average of $20.13. The firm has a market cap of $483.99 million, a P/E ratio of 38.45 and a beta of 1.26.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The electronics maker reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. The firm had revenue of $374.26 million during the quarter, compared to analysts' expectations of $376.70 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, research analysts anticipate that Kimball Electronics, Inc. will post 0.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on KE shares. Lake Street Capital lowered their price target on Kimball Electronics from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Cantor Fitzgerald lowered their target price on shares of Kimball Electronics from $28.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. B. Riley reduced their target price on shares of Kimball Electronics from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. EF Hutton Acquisition Co. I downgraded shares of Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 14th. Finally, Sidoti cut shares of Kimball Electronics from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.25.

Kimball Electronics Company 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.