Knowles (NYSE:KN – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.
A number of other research analysts also recently issued reports on the stock. Craig Hallum restated a “buy” rating and issued a $38.00 price target on shares of Knowles in a research report on Friday, April 24th. Robert W. Baird raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.
Read Our Latest Analysis on KN
Knowles Trading Up 4.1%
Knowles (NYSE:KN – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The company had revenue of $153.10 million for the quarter, compared to the consensus estimate of $147.40 million. During the same period last year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, research analysts predict that Knowles will post 0.94 earnings per share for the current fiscal year.
Insider Activity
In related news, VP Air A. Jr. Bastarrica sold 3,623 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $30.91, for a total value of $111,986.93. Following the sale, the vice president owned 47,569 shares of the company’s stock, valued at $1,470,357.79. This trade represents a 7.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Barnes sold 41,048 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $27.16, for a total transaction of $1,114,863.68. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 210,548 shares of company stock worth $6,635,758 in the last 90 days. 2.24% of the stock is currently owned by insiders.
Institutional Trading of Knowles
A number of large investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd increased its holdings in shares of Knowles by 0.6% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 76,098 shares of the communications equipment provider’s stock worth $1,954,000 after acquiring an additional 463 shares during the period. ProShare Advisors LLC increased its stake in 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. increased its stake in Knowles by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider’s stock valued at $1,065,000 after buying an additional 622 shares during the period. Royal Bank of Canada increased its stake in Knowles by 1.2% during the 4th quarter. Royal Bank of Canada now owns 53,002 shares of the communications equipment provider’s stock valued at $1,136,000 after buying an additional 638 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Knowles by 24.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock valued at $72,000 after buying an additional 652 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.
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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