Royce & Associates LP Cuts Position in Knowles Corporation $KN

Royce & Associates LP trimmed its position in Knowles Corporation (NYSE:KN) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,851,215 shares of the communications equipment provider’s stock after selling 317,735 shares during the quarter. Royce & Associates LP’s holdings in Knowles were worth $39,672,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. ProShare Advisors LLC raised its holdings in shares of Knowles by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock valued at $356,000 after buying an additional 504 shares during the period. Envestnet Asset Management Inc. grew its position in Knowles by 1.4% in the third quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider’s stock valued at $1,065,000 after acquiring an additional 622 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Knowles by 24.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock valued at $72,000 after acquiring an additional 652 shares in the last quarter. Choreo LLC raised its stake in shares of Knowles by 5.3% during the fourth quarter. Choreo LLC now owns 13,188 shares of the communications equipment provider’s stock valued at $285,000 after purchasing an additional 669 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Knowles by 1.8% during the third quarter. Illinois Municipal Retirement Fund now owns 44,965 shares of the communications equipment provider’s stock worth $1,048,000 after purchasing an additional 787 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KN. Robert W. Baird upped their target price on shares of Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Craig Hallum reaffirmed a “buy” rating and set a $38.00 price target on shares of Knowles in a report on Friday, April 24th. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.33.

Knowles Price Performance

Shares of NYSE KN opened at $36.66 on Tuesday. Knowles Corporation has a fifty-two week low of $16.09 and a fifty-two week high of $37.08. The business has a 50 day moving average price of $29.84 and a two-hundred day moving average price of $26.03. The company has a quick ratio of 1.77, a current ratio of 3.27 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.14 billion, a PE ratio of 57.28 and a beta of 1.56.

Knowles (NYSE:KN) last issued its quarterly earnings data on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The firm had revenue of $153.10 million during the quarter, compared to analyst estimates of $147.40 million. During the same quarter last year, the firm earned $0.18 EPS. Knowles’s quarterly revenue was up 15.8% on a year-over-year basis. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Sell-side analysts expect that Knowles Corporation will post 0.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Knowles

In other Knowles news, 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 transaction of $4,749,995.25. Following the completion of the sale, the chief executive officer owned 883,719 shares in the company, valued at $29,383,656.75. This trade represents a 13.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert J. Perna sold 9,221 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $27.88, for a total value of $257,081.48. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 162,078 shares of company stock worth $5,312,336 in the last 90 days. 2.24% of the stock is owned by corporate insiders.

Knowles 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.