Knowles Corporation (NYSE:KN – Get Free Report) SVP Raymond Cabrera sold 6,178 shares of the stock in a transaction dated Monday, July 27th. The shares were 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 of the company’s stock, valued at approximately $4,641,844.60. The trade was a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Knowles Trading Down 3.5%
Shares of NYSE KN traded down $1.31 during midday trading on Tuesday, reaching $36.05. The stock had a trading volume of 522,048 shares, compared to its average volume of 875,731. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 46.76 and a beta of 1.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20. Knowles Corporation has a twelve month low of $19.29 and a twelve month high of $42.93. The company’s 50 day moving average price is $38.06 and its 200 day moving average price is $31.11.
Knowles (NYSE:KN – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, topping 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 firm had revenue of $166.80 million during the quarter, compared to the consensus estimate of $156.97 million. During the same period last year, the business posted $0.24 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, sell-side analysts expect that Knowles Corporation will post 0.94 EPS for the current year.
Analyst Ratings Changes
Read Our Latest Stock Report on KN
Hedge Funds Weigh In On Knowles
Several hedge funds have recently made changes to their positions in KN. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Knowles by 35.9% during the 2nd 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 in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Knowles by 0.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 76,098 shares of the communications equipment provider’s stock valued at $1,954,000 after acquiring an additional 463 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Knowles by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock valued at $356,000 after buying an additional 504 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Knowles by 5.3% in the first quarter. Pacer Advisors Inc. now owns 12,137 shares of the communications equipment provider’s stock worth $312,000 after purchasing an additional 609 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Knowles by 1.2% in the fourth quarter. Royal Bank of Canada now owns 53,002 shares of the communications equipment provider’s stock worth $1,136,000 after acquiring an additional 638 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.
About Knowles
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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