Shares of Knowles Corporation (NYSE:KN – Get Free Report) have been assigned an average rating of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.3333.
A number of analysts recently issued reports on KN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a research note on Friday, May 22nd. Craig Hallum reaffirmed a “buy” rating and issued a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. Robert W. Baird upped their price target on shares of Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Zacks Research downgraded shares of Knowles from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th.
View Our Latest Research Report on KN
Knowles Stock Performance
Knowles (NYSE:KN – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $147.40 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, research analysts forecast that Knowles will post 0.94 earnings per share for the current year.
Insider Activity at Knowles
In other Knowles news, VP Air A. Jr. Bastarrica sold 3,623 shares of Knowles stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $30.91, for a total value of $111,986.93. Following the sale, the vice president owned 47,569 shares of the company’s stock, valued at $1,470,357.79. This trade represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Daniel J. Giesecke sold 20,201 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total value of $753,901.32. Following the completion of the sale, the chief operating officer owned 175,855 shares in the company, valued at approximately $6,562,908.60. This trade represents a 10.30% 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. In the last ninety days, insiders have sold 173,058 shares of company stock valued at $5,809,156. 2.24% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Knowles
A number of hedge funds and other institutional investors have recently bought and sold shares of KN. Royal Bank of Canada boosted its position in Knowles by 27.0% during the 1st quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock worth $1,064,000 after acquiring an additional 14,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Knowles by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider’s stock valued at $786,000 after purchasing an additional 2,245 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Knowles by 7.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,557 shares of the communications equipment provider’s stock worth $3,626,000 after purchasing an additional 15,827 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Knowles in the first quarter worth $3,335,000. Finally, Norges Bank acquired a new position in Knowles during the second quarter worth $1,255,000. 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.
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