Kimball Electronics, Inc. (NASDAQ:KE) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 34.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 46,764 shares of the electronics maker’s stock after purchasing an additional 11,935 shares during the period. JPMorgan Chase & Co.’s holdings in Kimball Electronics were worth $866,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Barclays PLC raised its holdings in shares of Kimball Electronics by 96.4% during the 3rd quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock worth $1,218,000 after acquiring an additional 32,271 shares during the period. Dynamic Technology Lab Private Ltd increased its position in Kimball Electronics by 289.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock worth $658,000 after purchasing an additional 26,402 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Kimball Electronics by 11.0% during the third quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock worth $5,620,000 after purchasing an additional 29,993 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock valued at $1,768,000 after purchasing an additional 556 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Kimball Electronics by 271.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker’s stock valued at $516,000 after buying an additional 20,385 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Performance

Shares of Kimball Electronics stock opened at $19.39 on Friday. The business’s fifty day simple moving average is $19.01 and its 200-day simple moving average is $19.24. The company has a quick ratio of 1.30, a current ratio of 2.28 and a debt-to-equity ratio of 0.37. The firm has a market cap of $478.55 million, a PE ratio of 38.02 and a beta of 1.25. Kimball Electronics, Inc. has a 52 week low of $16.64 and a 52 week high of $25.22.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. The business had revenue of $374.26 million during the quarter, compared to analyst estimates of $376.70 million. During the same quarter last year, the firm posted $0.43 earnings per share. Equities analysts forecast that Kimball Electronics, Inc. will post 1.06 earnings per share for the current 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.