30,211 Shares in Kimball Electronics, Inc. $KE Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC acquired a new position in Kimball Electronics, Inc. (NASDAQ:KE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,211 shares of the electronics maker’s stock, valued at approximately $840,000. Sierra Summit Advisors LLC owned 0.12% of Kimball Electronics as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Kimball Electronics in the third quarter worth approximately $28,000. State of Alaska Department of Revenue purchased a new position in Kimball Electronics during the third quarter worth about $31,000. CWM LLC boosted its stake in Kimball Electronics by 135.2% during the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after buying an additional 715 shares during the period. Farther Finance Advisors LLC purchased a new position in Kimball Electronics during the fourth quarter worth about $35,000. Finally, IFP Advisors Inc purchased a new position in Kimball Electronics during the third quarter worth about $48,000. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on KE shares. Weiss Ratings raised shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Kimball Electronics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $32.00.

Kimball Electronics Trading Down 0.4%

NASDAQ KE opened at $24.21 on Friday. The firm has a 50 day simple moving average of $25.14 and a 200-day simple moving average of $26.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. Kimball Electronics, Inc. has a one year low of $17.29 and a one year high of $33.19. The firm has a market cap of $582.25 million, a price-to-earnings ratio of 23.28, a PEG ratio of 0.84 and a beta of 1.25.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. The business had revenue of $352.92 million during the quarter, compared to analysts’ expectations of $356.27 million. Equities research analysts anticipate that Kimball Electronics, Inc. will post 1.44 EPS for the current fiscal year.

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.