Air Jr. Bastarrica Sells 2,262 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) VP Air Jr. Bastarrica sold 2,262 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $30.68, for a total value of $69,398.16. Following the completion of the sale, the vice president owned 55,307 shares in the company, valued at $1,696,818.76. This trade represents a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Knowles Trading Down 0.2%

Shares of NYSE:KN traded down $0.06 during midday trading on Wednesday, reaching $30.28. The company’s stock had a trading volume of 761,309 shares, compared to its average volume of 703,340. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 47.31 and a beta of 1.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27. The firm has a 50 day moving average price of $27.11 and a two-hundred day moving average price of $24.69. Knowles Corporation has a fifty-two week low of $15.43 and a fifty-two week high of $31.95.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $153.10 million for the quarter, compared to the consensus estimate of $147.40 million. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, analysts forecast that Knowles Corporation will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KN. Craig Hallum reaffirmed a “buy” rating and set a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. Zacks Research raised Knowles from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Robert W. Baird upped their price target on Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Knowles has an average rating of “Hold” and an average target price of $33.33.

Institutional Trading of Knowles

Several institutional investors and hedge funds have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd raised its stake in shares of Knowles by 0.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 76,098 shares of the communications equipment provider’s stock worth $1,954,000 after purchasing an additional 463 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Knowles by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock valued at $356,000 after acquiring an additional 504 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Knowles by 1.4% in the third quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider’s stock valued at $1,065,000 after acquiring an additional 622 shares in the last quarter. Royal Bank of Canada grew its holdings 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 valued at $1,136,000 after acquiring an additional 638 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Knowles by 24.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock valued at $72,000 after acquiring an additional 652 shares in the last quarter. 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.