Shares of Knowles Corporation (NYSE:KN – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $33.3333.
A number of equities research analysts recently issued reports on KN shares. Craig Hallum reissued a “buy” rating and set a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. Robert W. Baird raised their price target on Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Zacks Research raised Knowles from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a research note on Friday, May 22nd.
Knowles Price Performance
Knowles (NYSE:KN – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $153.10 million during the quarter, compared to analyst estimates of $147.40 million. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Equities analysts forecast that Knowles will post 0.94 EPS for the current year.
Insider Buying and Selling
In related news, COO Daniel J. Giesecke sold 20,201 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total transaction of $753,901.32. Following the completion of the sale, the chief operating officer directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeffrey Niew sold 142,857 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total value of $4,749,995.25. Following the sale, the chief executive officer directly owned 883,719 shares of the company’s stock, valued at $29,383,656.75. This represents a 13.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 173,058 shares of company stock valued at $5,809,156. Insiders own 2.24% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Millstone Evans Group LLC increased its holdings in Knowles by 212.9% during the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 662 shares during the period. Osaic Holdings Inc. increased its holdings in Knowles by 94.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 895 shares during the period. McMillan Office Inc. purchased a new position in Knowles during the 4th quarter worth $39,000. Torren Management LLC purchased a new position in Knowles during the 4th quarter worth $43,000. Finally, Meeder Asset Management Inc. purchased a new position in Knowles during the 1st quarter worth $51,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.
Knowles Company Profile
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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