StockNews.com Upgrades Knowles (NYSE:KN) to “Buy”

StockNews.com upgraded shares of Knowles (NYSE:KN) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Separately, Craig Hallum raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, April 7th.

Knowles Stock Down 1.8 %

Shares of Knowles stock opened at $14.23 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $16.03 and a 200 day moving average price of $17.93. Knowles has a fifty-two week low of $12.19 and a fifty-two week high of $20.86. The firm has a market cap of $1.25 billion, a P/E ratio of -5.37 and a beta of 1.41.

Knowles (NYSE:KN) last posted its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The business had revenue of $142.50 million during the quarter.

Institutional Investors Weigh In On Knowles

Several institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its position in shares of Knowles by 725.6% during the 1st quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,444 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 669 shares during the period. Sterling Capital Management LLC boosted its stake in Knowles by 835.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 2,448 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Knowles by 72.4% in the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock valued at $69,000 after buying an additional 1,449 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Knowles by 66.6% during the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock worth $97,000 after acquiring an additional 1,947 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

About Knowles

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).