Assenagon Asset Management S.A. Buys 29,993 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Assenagon Asset Management S.A. increased its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 11.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,629 shares of the electronics maker's stock after buying an additional 29,993 shares during the quarter. Assenagon Asset Management S.A. owned 1.22% of Kimball Electronics worth $5,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of KE. nVerses Capital LLC acquired a new stake in shares of Kimball Electronics during the 3rd quarter valued at $48,000. SG Americas Securities LLC increased its holdings in Kimball Electronics by 78.5% in the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker's stock worth $162,000 after buying an additional 3,849 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Kimball Electronics during the 2nd quarter valued at $210,000. The Manufacturers Life Insurance Company bought a new stake in Kimball Electronics in the second quarter worth $217,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Kimball Electronics by 1,526.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker's stock worth $230,000 after purchasing an additional 9,813 shares in the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Kimball Electronics Stock Performance

Shares of KE traded up $0.18 during trading hours on Wednesday, reaching $18.44. 21,252 shares of the company traded hands, compared to its average volume of 114,779. The stock's fifty day moving average is $17.92 and its 200 day moving average is $20.42. The stock has a market cap of $458.58 million, a P/E ratio of 14.27 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26. Kimball Electronics, Inc. has a 1-year low of $16.64 and a 1-year high of $27.73.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. The business had revenue of $430.16 million during the quarter, compared to analyst estimates of $429.00 million. During the same period last year, the company earned $0.76 EPS. Equities research analysts anticipate that Kimball Electronics, Inc. will post 1.17 earnings per share for the current fiscal year.

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.