Zacks Research upgraded shares of Knowles (NYSE:KN – Free Report) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.
Other analysts have also issued research reports about the stock. Robert W. Baird set a $44.00 price objective on shares of Knowles in a research note on Friday, July 24th. Susquehanna increased their target price on Knowles from $33.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Craig Hallum reiterated a “buy” rating and issued a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Knowles has a consensus rating of “Moderate Buy” and an average target price of $40.67.
Read Our Latest Stock Analysis on Knowles
Knowles Price Performance
Knowles (NYSE:KN – Get Free Report) last announced its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $166.80 million for the quarter, compared to the consensus estimate of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The company’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, equities analysts anticipate that Knowles will post 1.02 EPS for the current fiscal year.
Insiders Place Their Bets
In other Knowles news, CEO Jeffrey Niew sold 142,857 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $33.25, for a total value of $4,749,995.25. Following the sale, the chief executive officer owned 883,719 shares in the company, valued at approximately $29,383,656.75. This trade represents a 13.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Daniel J. Giesecke sold 20,201 shares of Knowles stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total value of $753,901.32. Following the sale, the chief operating officer directly owned 175,855 shares in the company, valued at $6,562,908.60. The trade was a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 169,236 shares of company stock worth $5,728,034. Insiders own 2.24% of the company’s stock.
Hedge Funds Weigh In On Knowles
Institutional investors and hedge funds have recently bought and sold shares of the stock. Hodges Capital Management Inc. lifted its stake in shares of Knowles by 66.2% in the 1st quarter. Hodges Capital Management Inc. now owns 217,386 shares of the communications equipment provider’s stock worth $5,582,000 after acquiring an additional 86,563 shares during the period. Phocas Financial Corp. acquired a new position in shares of Knowles during the fourth quarter valued at approximately $941,000. Moran Wealth Management LLC bought a new stake in Knowles during the fourth quarter worth approximately $584,000. Jennison Associates LLC bought a new stake in Knowles during the fourth quarter worth approximately $1,117,000. Finally, Aberdeen Group plc lifted its position in Knowles by 72.9% in the fourth quarter. Aberdeen Group plc now owns 634,355 shares of the communications equipment provider’s stock worth $13,594,000 after purchasing an additional 267,400 shares during the period. 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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