Victory Capital Management Inc. trimmed its holdings in shares of Knowles Corporation (NYSE:KN – Free Report) by 2.6% during the third quarter, Holdings Channel.com reports. The firm owned 1,223,452 shares of the communications equipment provider’s stock after selling 32,698 shares during the quarter. Victory Capital Management Inc.’s holdings in Knowles were worth $28,519,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of KN. American Century Companies Inc. grew its position 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 buying an additional 469,286 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Knowles by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 890,818 shares of the communications equipment provider’s stock worth $15,696,000 after buying an additional 39,066 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Knowles by 25.8% in the 2nd quarter. Bank of America Corp DE now owns 767,445 shares of the communications equipment provider’s stock worth $13,522,000 after acquiring an additional 157,547 shares during the period. Sei Investments Co. lifted its stake in shares of Knowles by 34.7% in the 2nd quarter. Sei Investments Co. now owns 577,161 shares of the communications equipment provider’s stock worth $10,170,000 after acquiring an additional 148,805 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Knowles by 3.5% in the third quarter. Nordea Investment Management AB now owns 508,933 shares of the communications equipment provider’s stock valued at $11,868,000 after acquiring an additional 17,274 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.
Trending Headlines about Knowles
Here are the key news stories impacting Knowles this week:
- Neutral Sentiment: Mathew Knowles abruptly ends an interview after a question crediting Tina Knowles for shaping Destiny’s Child went viral; he later called the clip “baffling.” Mathew Knowles Abruptly Ends Interview
- Neutral Sentiment: Multiple outlets report Mathew Knowles is “evaluating all legal remedies” after the interview clip; stories repeat his statement about considering legal action. Mathew Knowles Evaluating Legal Remedies
- Neutral Sentiment: Tina Knowles posts a sharp public response (a “savage clap back”) to the viral remarks, and media coverage highlights the couple’s back-and-forth. Tina Knowles Silences Ex
- Neutral Sentiment: Widespread reposting and commentary (E! News, The Grio, Yahoo, MSN, BlackEnterprise, CheatSheet) amplify the clip and interview fallout across entertainment outlets. E! News Coverage
- Neutral Sentiment: Several outlets run variations of the same story (Mathew walking out, Tina responding); duplication increases visibility but adds no new substantive developments. AOL Coverage
- Neutral Sentiment: Tina Knowles’ audiobook-related recognition (Audie Awards) is covered separately and is positive press for her personally but unrelated to Knowles Corp. Audie Awards/Audiobooks
Analyst Upgrades and Downgrades
Read Our Latest Research Report on KN
Knowles Stock Down 3.5%
NYSE KN opened at $24.79 on Monday. Knowles Corporation has a 12 month low of $12.19 and a 12 month high of $28.74. The company has a market capitalization of $2.10 billion, a P/E ratio of 48.61 and a beta of 1.48. The company’s 50 day simple moving average is $25.06 and its 200 day simple moving average is $23.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.75 and a quick ratio of 1.58.
Knowles (NYSE:KN – Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Knowles had a net margin of 7.45% and a return on equity of 9.76%. The firm had revenue of $162.20 million for the quarter, compared to analyst estimates of $156.23 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.
Insiders Place Their Bets
In related news, VP Air A. Jr. Bastarrica sold 12,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $26.76, for a total value of $321,120.00. Following the completion of the transaction, the vice president owned 48,200 shares in the company, valued at $1,289,832. This trade represents a 19.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith Barnes sold 41,048 shares of Knowles stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $27.16, for a total value of $1,114,863.68. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 273,742 shares of company stock worth $7,149,780. Corporate insiders own 2.54% of the company’s stock.
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.
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