Knowles Corporation (NYSE:KN – Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $36.57 and traded as high as $37.51. Knowles shares last traded at $36.53, with a volume of 489,386 shares traded.
Wall Street Analysts Forecast Growth
KN has been the topic of a number of analyst reports. Robert W. Baird set a $44.00 target price on Knowles in a research note on Friday, July 24th. Zacks Research downgraded Knowles from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Susquehanna increased their price target on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings raised Knowles from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen cut Knowles from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Knowles presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.
Get Our Latest Stock Report on Knowles
Knowles Price Performance
Knowles (NYSE:KN – Get Free Report) last issued its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Knowles had a return on equity of 11.45% and a net margin of 10.63%. The business had revenue of $166.80 million during the quarter, compared to analyst estimates of $156.97 million. During the same period in the previous year, the company posted $0.24 EPS. Knowles’s revenue was up 14.3% on a year-over-year basis. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Equities analysts anticipate that Knowles Corporation will post 1.02 EPS for the current year.
Insider Activity
In related news, SVP Raymond Cabrera sold 6,178 shares of Knowles stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.28, for a total value of $224,137.84. Following the completion of the sale, the senior vice president directly owned 127,945 shares in the company, valued at $4,641,844.60. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Cheryl Shavers sold 6,618 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $259,888.86. Following the completion of the sale, the director directly owned 35,723 shares of the company’s stock, valued at approximately $1,402,842.21. This trade represents a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.24% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in KN. BlackRock Inc. purchased a new stake in shares of Knowles in the 2nd quarter worth approximately $571,614,000. Andar Capital Management HK Ltd bought a new position in shares of Knowles during the second quarter valued at approximately $117,000,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Knowles during the second quarter valued at approximately $102,398,000. Bank of America Corp DE purchased a new position in Knowles during the second quarter valued at approximately $30,158,000. Finally, Bank of New York Mellon Corp purchased a new position in Knowles during the second quarter valued at approximately $21,568,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.
Knowles Company Profile
Knowles Corporation is a global supplier of advanced electronic components and audio solutions. The company develops and manufactures micro-acoustic products, including microelectromechanical systems (MEMS) microphones, speakers, receivers and related audio-processing technologies used in mobile devices, consumer electronics, communications equipment and other connected products.
Knowles also provides precision components for medical, industrial, defense, aerospace and other specialized applications.
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