Knowles Corporation (NYSE:KN – Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $32.20 and traded as high as $38.97. Knowles shares last traded at $37.24, with a volume of 899,690 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a research note on Friday, May 22nd. Robert W. Baird increased their price target on Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Craig Hallum reissued a “buy” rating and set a $38.00 price target on shares of Knowles in a research report on Friday, April 24th. Finally, Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Knowles currently has a consensus rating of “Moderate Buy” and an average price target of $33.33.
View Our Latest Analysis on Knowles
Knowles Stock Down 5.4%
Knowles (NYSE:KN – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $153.10 million for the quarter, compared to the consensus estimate of $147.40 million. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Sell-side analysts predict that Knowles Corporation will post 0.94 EPS for the current fiscal year.
Insider Buying and Selling at Knowles
In other Knowles news, COO Daniel J. Giesecke sold 20,201 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total value of $753,901.32. Following the sale, the chief operating officer owned 175,855 shares of the company’s stock, valued at approximately $6,562,908.60. This trade represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Air A. Jr. Bastarrica sold 3,623 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $30.91, for a total value of $111,986.93. Following the completion of the sale, the vice president directly owned 47,569 shares in the company, valued at approximately $1,470,357.79. This represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 173,058 shares of company stock valued at $5,809,156. 2.24% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Knowles
Hedge funds have recently modified their holdings of the company. Edgestream Partners L.P. raised its position in Knowles by 169.4% during the 1st quarter. Edgestream Partners L.P. now owns 274,840 shares of the communications equipment provider’s stock worth $7,058,000 after purchasing an additional 172,819 shares during the last quarter. Amundi raised its position in shares of Knowles by 239.2% in the 1st quarter. Amundi now owns 86,254 shares of the communications equipment provider’s stock worth $2,215,000 after acquiring an additional 60,822 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Knowles by 30.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,397 shares of the communications equipment provider’s stock worth $113,000 after acquiring an additional 1,033 shares in the last quarter. California State Teachers Retirement System increased its position in Knowles by 24.9% in the 1st quarter. California State Teachers Retirement System now owns 104,881 shares of the communications equipment provider’s stock valued at $2,693,000 after buying an additional 20,924 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Knowles by 3.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 38,346 shares of the communications equipment provider’s stock valued at $985,000 after buying an additional 1,383 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.
About Knowles
Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company’s product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.
Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.
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