Knowles (NYSE:KN – Get Free Report) had its target price dropped by analysts at Susquehanna from $40.00 to $35.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the communications equipment provider’s stock. Susquehanna’s price objective indicates a potential upside of 2.07% from the company’s previous close.
A number of other research firms also recently weighed in on KN. Zacks Research downgraded shares of Knowles from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. Wall Street Zen lowered shares of Knowles from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Knowles from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Robert W. Baird set a $44.00 price objective on shares of Knowles in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.00.
Get Our Latest Research Report on KN
Knowles Stock Performance
Shares of NYSE:KN opened at $34.29 on Wednesday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 33.96 and a beta of 1.59. Knowles has a 1-year low of $20.57 and a 1-year high of $42.93. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $36.03 and a two-hundred day moving average price of $35.78.
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, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $166.80 million for 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 period in the prior year, the company posted $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Equities analysts predict that Knowles will post 1.02 earnings per share for the current year.
Insiders Place Their Bets
In related news, SVP Raymond Cabrera sold 6,178 shares of the company’s 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 owned 127,945 shares in the company, valued at approximately $4,641,844.60. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cheryl Shavers sold 6,618 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $259,888.86. Following the completion of the transaction, the director directly owned 35,723 shares in the company, valued at $1,402,842.21. The trade was a 15.63% decrease in their position. 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. 2.24% of the stock is owned by insiders.
Institutional Trading of Knowles
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millstone Evans Group LLC boosted its stake in Knowles by 212.9% during the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after acquiring an additional 662 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Knowles by 35.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock valued at $48,000 after purchasing an additional 304 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Knowles during the second quarter valued at approximately $55,000. Public Employees Retirement System of Ohio acquired a new position in Knowles during the second quarter valued at approximately $58,000. Finally, Global Retirement Partners LLC bought a new stake in Knowles in the second quarter valued at approximately $60,000. 96.35% of the stock is owned by institutional investors.
Knowles Company Profile
Knowles Corporation (NYSE: KN) is a global manufacturer of advanced electronic components and solutions for audio, communications, medical, industrial and other specialized applications. The company develops products that support sound capture, audio processing, signal management and high-performance connectivity in a range of electronic devices and systems.
Its portfolio includes microelectromechanical systems (MEMS) microphones, audio processors, speakers, receivers, balanced armature drivers and other acoustic components.
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