Kimball Electronics, Inc. $KE Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 31.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,492 shares of the electronics maker’s stock after buying an additional 54,578 shares during the period. Assenagon Asset Management S.A.’s holdings in Kimball Electronics were worth $5,366,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Kimball Electronics by 5.8% during the first quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker’s stock worth $480,000 after acquiring an additional 1,588 shares during the period. AQR Capital Management LLC boosted its holdings in Kimball Electronics by 24.0% in the first quarter. AQR Capital Management LLC now owns 259,734 shares of the electronics maker’s stock valued at $4,273,000 after purchasing an additional 50,245 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kimball Electronics by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after purchasing an additional 624 shares in the last quarter. Empowered Funds LLC grew its stake in Kimball Electronics by 8.3% during the 1st quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker’s stock worth $1,458,000 after purchasing an additional 6,803 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Kimball Electronics during the 1st quarter worth about $411,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Up 1.6%

Kimball Electronics stock opened at $24.90 on Tuesday. Kimball Electronics, Inc. has a 1-year low of $18.04 and a 1-year high of $33.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29. The stock has a market cap of $598.85 million, a PE ratio of 23.94, a P/E/G ratio of 1.02 and a beta of 1.22. The stock’s fifty day moving average is $25.68 and its two-hundred day moving average is $26.39.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $352.92 million for the quarter, compared to analysts’ expectations of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. On average, sell-side analysts expect that Kimball Electronics, Inc. will post 1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KE shares. Wall Street Zen raised Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Zacks Research upgraded shares of Kimball Electronics from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Weiss Ratings upgraded shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kimball Electronics 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.