Knowles Corporation (NYSE:KN – Get Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $32.20 and traded as high as $38.97. Knowles shares last traded at $37.24, with a volume of 899,690 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on KN shares. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research note on Friday, May 22nd. Craig Hallum restated a “buy” rating and issued a $38.00 target price on shares of Knowles in a research note on Friday, April 24th. Robert W. Baird upped their price target on shares of Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Zacks Research upgraded shares of Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment 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 stock. According to MarketBeat.com, Knowles currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.
Get Our Latest Analysis on Knowles
Knowles Trading Down 5.4%
Knowles (NYSE:KN – Get Free Report) 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. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The company had revenue of $153.10 million for the quarter, compared to the consensus estimate of $147.40 million. During the same period in the prior year, the company posted $0.18 EPS. The company’s 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. On average, research analysts expect that Knowles Corporation will post 0.94 earnings per share for the current fiscal year.
Insider Buying and Selling at Knowles
In other news, CEO Jeffrey Niew sold 142,857 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 883,719 shares of the company’s stock, valued at $29,383,656.75. This represents a 13.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Daniel J. Giesecke sold 20,201 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 of the company’s stock, valued at approximately $6,562,908.60. The trade was a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 173,058 shares of company stock worth $5,809,156. Company insiders own 2.24% of the company’s stock.
Institutional Trading of Knowles
A number of large investors have recently bought and sold shares of KN. Millstone Evans Group LLC increased its stake in Knowles by 212.9% during the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 662 shares in the last quarter. Osaic Holdings Inc. increased its stake in Knowles by 94.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 895 shares in the last quarter. McMillan Office Inc. bought a new stake in Knowles during the 4th quarter worth approximately $39,000. Torren Management LLC bought a new stake in Knowles during the 4th quarter worth approximately $43,000. Finally, Meeder Asset Management Inc. bought a new stake in Knowles during the 1st quarter worth approximately $51,000. 96.35% of the stock is owned by institutional investors.
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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