Wall Street Zen lowered shares of Knowles (NYSE:KN – Free Report) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.
Several other analysts have also issued reports on KN. Weiss Ratings upgraded Knowles from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Robert W. Baird set a $44.00 target price on Knowles in a research report on Friday, July 24th. Susquehanna raised their price target on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Craig Hallum reiterated a “buy” rating and set a $38.00 price target on shares of Knowles in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.67.
Check Out Our Latest Stock Report on Knowles
Knowles Stock Performance
Knowles (NYSE:KN – Get Free Report) last released its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $166.80 million during the quarter, compared to the consensus estimate of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.45%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Research analysts anticipate that Knowles will post 1.02 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Jeffrey Niew sold 142,857 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $33.25, for a total value of $4,749,995.25. Following the completion of the sale, the chief executive officer directly owned 883,719 shares in the company, valued at approximately $29,383,656.75. The trade was a 13.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Raymond D. Cabrera sold 6,178 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the sale, the senior vice president directly owned 127,945 shares of the company’s stock, valued at approximately $4,641,844.60. This represents a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 169,236 shares of company stock valued at $5,728,034 over the last quarter. Insiders own 2.24% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of KN. Franklin Resources Inc. boosted its holdings in Knowles by 10.5% during the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock valued at $119,072,000 after acquiring an additional 484,500 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Knowles by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,806,916 shares of the communications equipment provider’s stock worth $60,152,000 after purchasing an additional 205,573 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Knowles by 365.4% in the third quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock worth $32,502,000 after purchasing an additional 1,094,715 shares during the period. Raymond James Financial Inc. increased its stake in shares of Knowles by 52.8% in the third quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock worth $31,723,000 after purchasing an additional 470,100 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Knowles by 7.5% during the 3rd quarter. Bank of America Corp DE now owns 825,344 shares of the communications equipment provider’s stock worth $19,239,000 after purchasing an additional 57,899 shares during the last quarter. 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.
Recommended Stories
- Five stocks we like better than Knowles
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
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.
