Knowles (NYSE:KN) VP Sells $111,986.93 in Stock

Knowles Corporation (NYSE:KN) VP Air Jr. Bastarrica sold 3,623 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $30.91, for a total transaction of $111,986.93. Following the transaction, the vice president directly owned 47,569 shares in the company, valued at approximately $1,470,357.79. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Knowles Stock Performance

Shares of NYSE:KN opened at $31.62 on Friday. The firm has a market cap of $2.71 billion, a PE ratio of 49.41 and a beta of 1.56. The firm’s 50 day simple moving average is $27.25 and its 200-day simple moving average is $24.79. Knowles Corporation has a one year low of $15.85 and a one year high of $31.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27.

Knowles (NYSE:KN) last issued its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 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 analyst estimates of $147.40 million. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, equities analysts predict that Knowles Corporation will post 0.94 EPS for the current year.

Hedge Funds Weigh In On Knowles

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in shares of Knowles by 2,385.8% during the first quarter. Fifth Third Bancorp now owns 23,342 shares of the communications equipment provider’s stock valued at $599,000 after purchasing an additional 22,403 shares in the last quarter. Millstone Evans Group LLC boosted its stake in shares of Knowles by 212.9% during the first quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 662 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Knowles by 66.2% during the first quarter. Hodges Capital Management Inc. now owns 217,386 shares of the communications equipment provider’s stock valued at $5,582,000 after purchasing an additional 86,563 shares in the last quarter. Abel Hall LLC boosted its stake in shares of Knowles by 8.9% during the first quarter. Abel Hall LLC now owns 14,325 shares of the communications equipment provider’s stock valued at $368,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its stake in shares of Knowles by 63.3% during the first quarter. Moran Wealth Management LLC now owns 44,494 shares of the communications equipment provider’s stock valued at $1,143,000 after purchasing an additional 17,250 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KN. Robert W. Baird raised their target price on shares of Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Craig Hallum reaffirmed a “buy” rating and set a $38.00 target price on shares of Knowles in a research report on Friday, April 24th. Finally, Zacks Research raised shares of Knowles from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.33.

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.