UBS Group AG lowered its stake in shares of Knowles Corporation (NYSE:KN – Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 341,073 shares of the communications equipment provider’s stock after selling 110,608 shares during the period. UBS Group AG owned approximately 0.40% of Knowles worth $7,309,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Aberdeen Group plc purchased a new position in shares of Knowles during the 3rd quarter worth approximately $8,535,000. Hodges Capital Management Inc. acquired a new stake in Knowles during the 3rd quarter worth approximately $1,878,000. Public Sector Pension Investment Board lifted its holdings in Knowles by 13.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 334,980 shares of the communications equipment provider’s stock worth $7,808,000 after buying an additional 38,451 shares in the last quarter. Phocas Financial Corp. acquired a new stake in Knowles during the 4th quarter worth approximately $941,000. Finally, Harvey Partners LLC acquired a new stake in Knowles during the 3rd quarter worth approximately $14,510,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.
Insider Activity
In other news, SVP Robert J. Perna sold 9,221 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $27.88, for a total value of $257,081.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Niew sold 142,857 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were 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. The trade was a 13.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 210,548 shares of company stock valued at $6,635,758 over the last quarter. Company insiders own 2.24% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on KN
Knowles Price Performance
Shares of KN opened at $34.48 on Tuesday. Knowles Corporation has a twelve month low of $16.09 and a twelve month high of $37.08. The firm’s fifty day simple moving average is $28.80 and its 200-day simple moving average is $25.60. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 53.88 and a beta of 1.56. The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17.
Knowles (NYSE:KN – Get Free Report) last announced 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 net margin of 9.10% and a return on equity of 10.66%. The business had revenue of $153.10 million for the quarter, compared to analyst estimates of $147.40 million. During the same period last year, the business earned $0.18 EPS. The company’s revenue was up 15.8% on a year-over-year basis. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Equities analysts forecast that Knowles Corporation will post 0.94 EPS for the current fiscal year.
About Knowles
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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