Inspire Investing LLC Has $1.42 Million Stake in Kimball Electronics, Inc. $KE

Inspire Investing LLC boosted its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 133.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 47,426 shares of the electronics maker’s stock after buying an additional 27,136 shares during the period. Inspire Investing LLC’s holdings in Kimball Electronics were worth $1,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Founders Capital Management acquired a new position in shares of Kimball Electronics in the 2nd quarter valued at about $29,000. Raymond James Financial Inc. acquired a new position in Kimball Electronics in the 2nd quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its stake in Kimball Electronics by 197.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after buying an additional 1,901 shares during the period. Morgan Dempsey Capital Management LLC lifted its position in Kimball Electronics by 12.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker’s stock worth $144,000 after buying an additional 806 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Kimball Electronics by 9.1% during the 2nd quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker’s stock valued at $156,000 after buying an additional 678 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Price Performance

NASDAQ KE opened at $28.98 on Friday. The stock has a 50-day simple moving average of $28.88 and a 200 day simple moving average of $25.85. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $33.19. The stock has a market capitalization of $705.37 million, a PE ratio of 30.51, a P/E/G ratio of 1.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.21.

Kimball Electronics (NASDAQ:KE) last issued its quarterly 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 return on equity of 6.28% and a net margin of 1.62%.The company had revenue of $365.60 million for the quarter, compared to the consensus estimate of $338.43 million. Research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KE. Lake Street Capital reaffirmed a “buy” rating and issued a $32.00 price target on shares of Kimball Electronics in a research note on Friday, November 7th. Wall Street Zen raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a research note on Tuesday, October 14th. Finally, Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.