Knowles (NYSE:KN) Director Cheryl Shavers Sells 6,618 Shares

Knowles Corporation (NYSE:KN) Director Cheryl Shavers sold 6,618 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $259,888.86. Following the transaction, the director directly owned 35,723 shares in the company, valued at $1,402,842.21. This represents a 15.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Stock Performance

KN traded down $3.33 during trading hours on Tuesday, hitting $35.66. The stock had a trading volume of 453,678 shares, compared to its average volume of 868,989. The company’s fifty day simple moving average is $38.28 and its 200 day simple moving average is $32.60. Knowles Corporation has a 1 year low of $20.10 and a 1 year high of $42.93. The stock has a market cap of $3.05 billion, a PE ratio of 46.32 and a beta of 1.60. The company has a quick ratio of 1.75, a current ratio of 3.20 and a debt-to-equity ratio of 0.16.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $166.80 million for the quarter, compared to the consensus estimate of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.45%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Equities analysts anticipate that Knowles Corporation will post 1.02 earnings per share for the current year.

Hedge Funds Weigh In On Knowles

Several hedge funds have recently bought and sold shares of KN. Millstone Evans Group LLC lifted its stake in Knowles by 212.9% in 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. raised its position in shares of Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 895 shares in the last quarter. McMillan Office Inc. bought a new stake in Knowles during the fourth quarter valued at $39,000. Torren Management LLC purchased a new position in Knowles during the fourth quarter worth about $43,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Knowles by 35.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock valued at $48,000 after acquiring an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

KN has been the subject of several analyst reports. Susquehanna raised their price objective on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Robert W. Baird set a $44.00 target price on Knowles in a research report on Friday, July 24th. Weiss Ratings raised Knowles from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Wall Street Zen lowered Knowles from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $40.67.

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.