AlphaQuest LLC Has $1.26 Million Stock Position in Knowles Corporation $KN

AlphaQuest LLC increased its stake in shares of Knowles Corporation (NYSE:KN) by 461.9% during the second quarter, HoldingsChannel reports. The fund owned 71,385 shares of the communications equipment provider’s stock after acquiring an additional 58,680 shares during the quarter. AlphaQuest LLC’s holdings in Knowles were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of KN. Meeder Asset Management Inc. grew its holdings in shares of Knowles by 47.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,703 shares of the communications equipment provider’s stock worth $56,000 after purchasing an additional 1,184 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Knowles in the first quarter worth $106,000. GAMMA Investing LLC boosted its stake in Knowles by 118.8% during the second quarter. GAMMA Investing LLC now owns 6,482 shares of the communications equipment provider’s stock worth $114,000 after buying an additional 3,520 shares in the last quarter. CWM LLC increased its holdings in Knowles by 283.2% in the 2nd quarter. CWM LLC now owns 10,265 shares of the communications equipment provider’s stock valued at $181,000 after buying an additional 7,586 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Knowles by 4.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 13,105 shares of the communications equipment provider’s stock valued at $201,000 after buying an additional 592 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Stock Performance

Knowles stock opened at $23.91 on Friday. The stock has a 50-day simple moving average of $22.49 and a 200 day simple moving average of $19.14. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 49.82 and a beta of 1.53. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.16. Knowles Corporation has a 12-month low of $12.19 and a 12-month high of $24.53.

Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, October 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. The firm had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $149.08 million. Knowles had a net margin of 7.27% and a return on equity of 8.98%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. Knowles has set its Q4 2025 guidance at 0.330-0.370 EPS.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KN. Susquehanna upped their target price on shares of Knowles from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Wall Street Zen upgraded Knowles from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Craig Hallum set a $28.00 target price on Knowles and gave the stock a “buy” rating in a report on Friday. Robert W. Baird set a $30.00 price target on Knowles in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Knowles in a research report on Saturday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.00.

Insider Buying and Selling at Knowles

In related news, SVP Robert J. Perna sold 56,130 shares of Knowles stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $20.47, for a total value of $1,148,981.10. Following the completion of the sale, the senior vice president directly owned 66,552 shares in the company, valued at $1,362,319.44. This trade represents a 45.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Air A. Jr. Bastarrica sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $20.94, for a total transaction of $209,400.00. Following the transaction, the vice president owned 62,537 shares in the company, valued at approximately $1,309,524.78. The trade was a 13.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.54% of the stock is currently owned by company insiders.

Knowles Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).