Air Jr. Bastarrica Sells 3,623 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) VP Air Jr. Bastarrica sold 3,623 shares of Knowles stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $30.91, for a total transaction of $111,986.93. Following the sale, the vice president owned 47,569 shares of the company’s stock, valued at approximately $1,470,357.79. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Knowles Stock Performance

Shares of NYSE KN opened at $31.62 on Friday. The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. Knowles Corporation has a 12 month low of $15.85 and a 12 month high of $31.95. The company has a 50 day simple moving average of $27.25 and a two-hundred day simple moving average of $24.77. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 49.41 and a beta of 1.56.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, April 23rd. The communications equipment provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The business had revenue of $153.10 million during the quarter, compared to analysts’ expectations of $147.40 million. During the same period in the previous year, the business posted $0.18 EPS. The business’s quarterly revenue 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, analysts predict that Knowles Corporation will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Craig Hallum restated a “buy” rating and set a $38.00 price objective on shares of Knowles in a research note on Friday, April 24th. Zacks Research upgraded shares of Knowles from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Robert W. Baird boosted their target price on shares of Knowles from $30.00 to $39.00 and gave the company 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 issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Hedge Funds Weigh In On Knowles

Several large investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Knowles by 10.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock valued at $119,072,000 after purchasing an additional 484,500 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Knowles by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,806,916 shares of the communications equipment provider’s stock valued at $60,152,000 after purchasing an additional 205,573 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Knowles by 5.6% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,421,713 shares of the communications equipment provider’s stock valued at $33,140,000 after purchasing an additional 75,367 shares during the period. Ameriprise Financial Inc. increased its holdings in Knowles by 365.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock worth $32,502,000 after acquiring an additional 1,094,715 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Knowles by 52.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock worth $31,723,000 after acquiring an additional 470,100 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.