GSA Capital Partners LLP acquired a new position in Knowles Corporation (NYSE:KN – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 40,453 shares of the communications equipment provider’s stock, valued at approximately $1,678,000.
Other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC grew its position in shares of 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. 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 valued at $31,000 after buying an additional 895 shares in the last quarter. McMillan Office Inc. acquired a new stake in shares of Knowles in the fourth quarter valued at approximately $39,000. Torren Management LLC bought a new stake in shares of Knowles in the fourth quarter valued at approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Knowles by 35.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock valued at $48,000 after buying an additional 304 shares during the period. Institutional investors own 96.35% of the company’s stock.
Insider Activity at Knowles
In other Knowles news, SVP Raymond D. Cabrera sold 6,178 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $36.28, for a total value of $224,137.84. Following the sale, the senior vice president owned 127,945 shares in the company, valued at $4,641,844.60. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Daniel J. Giesecke sold 20,201 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total transaction of $753,901.32. Following the transaction, the chief operating officer owned 175,855 shares of the company’s stock, valued at $6,562,908.60. This trade represents a 10.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.24% of the stock is owned by corporate insiders.
Knowles Price Performance
Knowles (NYSE:KN – Get Free Report) last released its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $166.80 million for the quarter, compared to analysts’ expectations of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, sell-side analysts forecast that Knowles Corporation will post 1.02 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Wall Street Zen lowered Knowles from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Susquehanna increased their target price on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Craig Hallum reaffirmed a “buy” rating and issued a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. Robert W. Baird set a $44.00 price objective on shares of Knowles in a research report on Friday, July 24th. Finally, Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.67.
Knowles 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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