BidaskClub cut shares of Kimball Electronics (NASDAQ:KE) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Separately, ValuEngine cut shares of Kimball Electronics from a buy rating to a hold rating in a research note on Friday, December 1st.

Kimball Electronics (KE) opened at $19.00 on Wednesday. The firm has a market cap of $507.25, a price-to-earnings ratio of 15.97 and a beta of 0.93. Kimball Electronics has a 52 week low of $15.05 and a 52 week high of $22.45.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share for the quarter. The company had revenue of $253.20 million during the quarter. Kimball Electronics had a net margin of 3.40% and a return on equity of 9.63%.

Several large investors have recently modified their holdings of KE. LSV Asset Management grew its stake in shares of Kimball Electronics by 280.4% in the 2nd quarter. LSV Asset Management now owns 491,983 shares of the electronics maker’s stock worth $8,880,000 after buying an additional 362,655 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Kimball Electronics by 49.3% in the 2nd quarter. Alliancebernstein L.P. now owns 19,384 shares of the electronics maker’s stock worth $350,000 after buying an additional 6,400 shares in the last quarter. AJO LP purchased a new position in shares of Kimball Electronics in the 2nd quarter worth $3,879,000. Teachers Advisors LLC grew its stake in shares of Kimball Electronics by 1.6% in the 2nd quarter. Teachers Advisors LLC now owns 65,940 shares of the electronics maker’s stock worth $1,190,000 after buying an additional 1,051 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of Kimball Electronics by 0.8% in the 2nd quarter. Nationwide Fund Advisors now owns 184,678 shares of the electronics maker’s stock worth $3,333,000 after buying an additional 1,476 shares in the last quarter. 56.63% of the stock is owned by institutional investors and hedge funds.

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About Kimball Electronics

Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.

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