Knowles (NYSE:KN) VP Sells $64,503.88 in Stock

Knowles Corporation (NYSE:KN) VP Air Jr. Bastarrica sold 2,153 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $29.96, for a total transaction of $64,503.88. Following the completion of the sale, the vice president owned 51,192 shares of the company’s stock, valued at approximately $1,533,712.32. The trade was a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Knowles Trading Up 1.4%

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

Knowles (NYSE:KN) last issued 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 during the quarter, compared to analysts’ expectations of $147.40 million. During the same period last year, the company posted $0.18 earnings per share. The firm’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. On average, research analysts anticipate that Knowles Corporation will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KN. Royal Bank of Canada increased its stake in shares of Knowles by 27.0% during the 1st quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock worth $1,064,000 after purchasing an additional 14,900 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Knowles by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider’s stock worth $786,000 after purchasing an additional 2,245 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Knowles by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,557 shares of the communications equipment provider’s stock worth $3,626,000 after purchasing an additional 15,827 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Knowles during the 1st quarter worth approximately $3,335,000. Finally, Norges Bank purchased a new position in shares of Knowles during the 2nd quarter worth approximately $1,255,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Knowles from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Robert W. Baird increased their target price on shares of Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $38.00 target price on shares of Knowles in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.