Knowles Corporation (NYSE:KN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Knowles Corporation (NYSE:KNGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.6667.

KN has been the subject of several recent analyst reports. Susquehanna increased their price target on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Robert W. Baird set a $44.00 price objective on shares of Knowles in a research note on Friday, July 24th. Weiss Ratings downgraded shares of Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Zacks Research upgraded shares of Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Knowles from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st.

Read Our Latest Research Report on KN

Insider Activity at Knowles

In related news, Director Cheryl L. Shavers sold 6,618 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $259,888.86. Following the sale, the director owned 35,723 shares of the company’s stock, valued at $1,402,842.21. The trade was a 15.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.28, for a total value of $224,137.84. Following the completion of the sale, the senior vice president owned 127,945 shares of the company’s stock, valued at $4,641,844.60. This trade represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.24% of the company’s stock.

Institutional Trading of Knowles

Hedge funds and other institutional investors have recently modified their holdings of the company. Allianz Asset Management GmbH acquired a new stake in shares of Knowles in the second quarter valued at $5,756,000. Amundi grew its holdings in Knowles by 6.2% during the second quarter. Amundi now owns 91,579 shares of the communications equipment provider’s stock worth $3,799,000 after acquiring an additional 5,325 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Knowles in the second quarter worth about $232,000. California State Teachers Retirement System raised its position in Knowles by 3,937.0% in the second quarter. California State Teachers Retirement System now owns 4,234,030 shares of the communications equipment provider’s stock worth $175,628,000 after acquiring an additional 4,129,149 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC lifted its holdings in Knowles by 6.7% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 8,391 shares of the communications equipment provider’s stock valued at $348,000 after acquiring an additional 524 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Knowles Stock Performance

KN opened at $35.44 on Monday. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $36.64 and its 200-day moving average is $33.45. The stock has a market cap of $3.03 billion, a PE ratio of 46.03 and a beta of 1.59. Knowles has a twelve month low of $20.57 and a twelve month high of $42.93.

Knowles (NYSE:KNGet Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The business had revenue of $166.80 million during the quarter, compared to analyst estimates of $156.97 million. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, analysts predict that Knowles will post 1.02 earnings per share for the current year.

About Knowles

(Get Free Report)

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.

See Also

Analyst Recommendations for Knowles (NYSE:KN)

Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.