Knowles (NYSE:KN) CEO Jeffrey Niew Sells 142,857 Shares

Knowles Corporation (NYSE:KN) CEO Jeffrey Niew sold 142,857 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total value of $4,749,995.25. Following the completion of the transaction, the chief executive officer directly owned 883,719 shares of the company’s stock, valued at approximately $29,383,656.75. This trade represents a 13.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Niew also recently made the following trade(s):

• On Friday, February 6th, Jeffrey Niew sold 75,000 shares of Knowles stock. The shares were sold at an average price of $26.50, for a total value of $1,987,500.00.

Knowles Trading Down 0.4%

Knowles stock opened at $33.81 on Friday. The stock has a 50-day moving average price of $27.61 and a 200 day moving average price of $25.02. Knowles Corporation has a 52 week low of $16.09 and a 52 week high of $34.67. The stock has a market cap of $2.89 billion, a PE ratio of 52.83 and a beta of 1.56. 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 (NYSE:KN) last released its earnings results 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 analyst estimates of $147.40 million. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Equities research analysts predict that Knowles Corporation will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knowles

Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Knowles by 365.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock worth $32,502,000 after purchasing an additional 1,094,715 shares in the last quarter. Harvey Partners LLC acquired a new position in shares of Knowles during the 3rd quarter valued at $14,510,000. Franklin Resources Inc. boosted its position in Knowles by 10.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock worth $119,072,000 after purchasing an additional 484,500 shares during the period. Raymond James Financial Inc. boosted its position in Knowles by 52.8% during 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 purchasing an additional 470,100 shares during the period. Finally, American Century Companies Inc. increased its holdings in Knowles by 95.9% in the 3rd quarter. American Century Companies Inc. now owns 958,387 shares of the communications equipment provider’s stock valued at $22,340,000 after purchasing an additional 469,286 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

KN has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Craig Hallum reiterated a “buy” rating and set a $38.00 price objective on shares of Knowles in a report on Friday, April 24th. Finally, Zacks Research raised shares of Knowles from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Knowles currently has an average rating of “Hold” and a consensus price target of $33.33.

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.