Knowles (NYSE:KN) Hits New 12-Month High at $21.50

Knowles Co. (NYSE:KN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.50 and last traded at $21.38, with a volume of 50269 shares traded. The stock had previously closed at $21.13.

Several research analysts recently issued reports on the stock. Colliers Securities reiterated a “neutral” rating on shares of Knowles in a research report on Thursday, January 28th. Roth Capital upped their target price on shares of Knowles from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, January 12th. Craig Hallum upped their price target on shares of Knowles from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, January 12th. TheStreet upgraded shares of Knowles from a “c” rating to a “b” rating in a research report on Friday, February 5th. Finally, Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research report on Wednesday, January 13th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.40.

The stock has a market capitalization of $1.95 billion, a P/E ratio of -528.12, a P/E/G ratio of 1.95 and a beta of 1.41. The firm’s 50 day moving average price is $19.82 and its 200 day moving average price is $17.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.15 and a quick ratio of 1.99.

Knowles (NYSE:KN) last released its quarterly earnings results on Wednesday, February 3rd. The communications equipment provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Knowles had a negative net margin of 0.33% and a positive return on equity of 3.41%. The company had revenue of $243.20 million during the quarter, compared to the consensus estimate of $243.01 million. On average, equities research analysts forecast that Knowles Co. will post 0.46 earnings per share for the current year.

In other Knowles news, SVP Raymond D. Cabrera sold 6,786 shares of the firm’s stock in a transaction that occurred on Wednesday, February 10th. The shares were sold at an average price of $20.73, for a total transaction of $140,673.78. Following the completion of the transaction, the senior vice president now owns 70,118 shares of the company’s stock, valued at $1,453,546.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Daniel J. Giesecke sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 22nd. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. Following the transaction, the chief operating officer now directly owns 45,619 shares of the company’s stock, valued at approximately $912,380. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,867 shares of company stock valued at $342,040. 4.48% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Strategic Wealth Partners Ltd. purchased a new stake in shares of Knowles during the fourth quarter valued at approximately $275,000. Jane Street Group LLC purchased a new stake in shares of Knowles during the fourth quarter valued at approximately $221,000. Squarepoint Ops LLC purchased a new stake in Knowles in the fourth quarter worth approximately $747,000. Falcon Edge Capital LP boosted its holdings in Knowles by 25.0% in the fourth quarter. Falcon Edge Capital LP now owns 613,739 shares of the communications equipment provider’s stock worth $11,311,000 after purchasing an additional 122,679 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Knowles in the fourth quarter worth approximately $405,000. Hedge funds and other institutional investors own 96.17% of the company’s stock.

Knowles Company Profile (NYSE:KN)

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medtech, defense, automotive, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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