Knowles (NYSE:KN) COO Daniel Giesecke Sells 20,201 Shares of Stock

Knowles Corporation (NYSE:KNGet Free Report) COO Daniel Giesecke sold 20,201 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total transaction of $753,901.32. Following the transaction, the chief operating officer owned 175,855 shares in the company, valued at approximately $6,562,908.60. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Trading Down 1.4%

KN opened at $37.44 on Friday. 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 capitalization of $3.20 billion, a P/E ratio of 58.50 and a beta of 1.56. Knowles Corporation has a 52-week low of $16.11 and a 52-week high of $38.56. The firm’s 50 day moving average is $30.89 and its 200-day moving average is $26.43.

Knowles (NYSE:KNGet Free Report) last posted its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) 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 company had revenue of $153.10 million for the quarter, compared to analysts’ expectations of $147.40 million. During the same period last year, the business posted $0.18 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Analysts expect that Knowles Corporation will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Knowles

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd increased its holdings in 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 purchasing an additional 463 shares in the last quarter. ProShare Advisors LLC increased its holdings in Knowles by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock worth $356,000 after purchasing an additional 504 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Knowles by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider’s stock worth $1,065,000 after purchasing an additional 622 shares in the last quarter. Royal Bank of Canada increased its holdings in Knowles by 1.2% in the 4th quarter. Royal Bank of Canada now owns 53,002 shares of the communications equipment provider’s stock worth $1,136,000 after purchasing an additional 638 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Knowles by 24.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock worth $72,000 after purchasing an additional 652 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Robert W. Baird boosted their price target on Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Knowles in a report on Friday, May 22nd. Craig Hallum reiterated a “buy” rating and set a $38.00 price target on shares of Knowles in a report on Friday, April 24th. Finally, Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Check Out Our Latest Stock Analysis on Knowles

About Knowles

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Knowles (NYSE:KN)

Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.