Shares of Knowles Corporation (NYSE:KN – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $37.85 and last traded at $37.64, with a volume of 47549 shares changing hands. The stock had previously closed at $36.66.
Analyst Ratings Changes
KN has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research report on Friday. Robert W. Baird raised their target price on shares of Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Craig Hallum restated a “buy” rating and set a $38.00 target price on shares of Knowles in a research report on Friday, April 24th. Finally, Zacks Research upgraded shares of Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One equities research 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 company. According to MarketBeat, Knowles has an average rating of “Moderate Buy” and a consensus price target of $33.33.
Read Our Latest Stock Analysis on Knowles
Knowles Stock Performance
Knowles (NYSE:KN – Get Free Report) last announced its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $153.10 million for the quarter, compared to analyst estimates of $147.40 million. During the same quarter last year, the business earned $0.18 earnings per share. Knowles’s 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 anticipate that Knowles Corporation will post 0.94 EPS for the current fiscal year.
Insiders Place Their Bets
In other Knowles news, SVP Robert J. Perna sold 9,221 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $27.88, for a total transaction of $257,081.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey Niew sold 142,857 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total transaction of $4,749,995.25. Following the transaction, the chief executive officer directly owned 883,719 shares in the company, valued at approximately $29,383,656.75. This represents a 13.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 162,078 shares of company stock valued at $5,312,336 over the last quarter. Company insiders own 2.24% of the company’s stock.
Hedge Funds Weigh In On Knowles
A number of large investors have recently bought and sold shares of KN. Ameriprise Financial Inc. raised its stake in Knowles by 365.4% during 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. Harvey Partners LLC purchased a new position in Knowles during the third quarter worth approximately $14,510,000. Franklin Resources Inc. raised its stake 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 worth $119,072,000 after purchasing an additional 484,500 shares during the period. Raymond James Financial Inc. raised its stake in Knowles by 52.8% during 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, American Century Companies Inc. raised its stake in shares of Knowles by 95.9% in the 3rd quarter. American Century Companies Inc. now owns 958,387 shares of the communications equipment provider’s stock valued at $22,340,000 after acquiring an additional 469,286 shares during the period. Hedge funds and other institutional investors 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.
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