According to Zacks, “Knowles Corporation operates as a supplier of advanced micro-acoustic, specialty components, and human interface solutions. The Company designs and manufactures acoustic products, including microphones, speakers, and receivers for the handset, tablet, and other consumer electronic markets. It also designs and manufactures electronic components used in medical and life science applications and solutions and components used in communications infrastructure and various other markets. Knowles Corporation is headquartered in Itasca, Illinois. “
Several other analysts also recently weighed in on the company. Benchmark Co. started coverage on Knowles Corp. in a research note on Wednesday, June 29th. They set a hold rating and a $15.00 target price on the stock. Susquehanna started coverage on Knowles Corp. in a research note on Tuesday, September 20th. They issued a negative rating and a $12.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on Knowles Corp. in a research note on Tuesday, September 6th. They issued a neutral rating and a $15.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Knowles Corp. has an average rating of Hold and a consensus target price of $16.92.
Knowles Corp. (NYSE:KN) traded up 1.74% during mid-day trading on Wednesday, reaching $14.02. 25,477 shares of the company’s stock traded hands. The company’s market cap is $1.24 billion. Knowles Corp. has a 12-month low of $9.68 and a 12-month high of $22.33. The stock has a 50 day moving average of $14.00 and a 200 day moving average of $13.88.
Knowles Corp. (NYSE:KN) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Knowles Corp. had a positive return on equity of 4.04% and a negative net margin of 26.09%. The business earned $190.30 million during the quarter, compared to analyst estimates of $189.88 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts predict that Knowles Corp. will post $0.86 earnings per share for the current fiscal year.
In other news, VP Thomas G. Jackson sold 3,764 shares of Knowles Corp. stock in a transaction on Friday, July 29th. The stock was sold at an average price of $13.42, for a total transaction of $50,512.88. Following the transaction, the vice president now owns 32,059 shares in the company, valued at $430,231.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.49% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of KN. State Street Corp increased its position in shares of Knowles Corp. by 1.5% in the first quarter. State Street Corp now owns 2,820,445 shares of the company’s stock worth $37,175,000 after buying an additional 42,585 shares in the last quarter. BB&T Securities LLC increased its position in shares of Knowles Corp. by 26.7% in the first quarter. BB&T Securities LLC now owns 106,312 shares of the company’s stock worth $1,401,000 after buying an additional 22,379 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Knowles Corp. during the first quarter worth $322,000. Spark Investment Management LLC increased its position in shares of Knowles Corp. by 8.3% in the first quarter. Spark Investment Management LLC now owns 275,500 shares of the company’s stock worth $3,631,000 after buying an additional 21,000 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of Knowles Corp. by 65.4% in the first quarter. Royce & Associates LP now owns 339,077 shares of the company’s stock worth $4,469,000 after buying an additional 134,077 shares in the last quarter.
Knowles Corp. Company Profile
Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. It uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables.
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