Recent Analysts’ Ratings Changes for Knowles (KN)

Several brokerages have updated their recommendations and price targets on shares of Knowles (NYSE: KN) in the last few weeks:

• 10/26/2024 – Knowles was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/25/2024 – Knowles had its price target lowered by analysts at Susquehanna from $20.00 to $19.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – Knowles was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/16/2024 – Knowles was upgraded by analysts at Craig Hallum to a “strong-buy” rating.
• 10/10/2024 – Knowles was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Knowles Trading Down 3.0 %

KN opened at $17.52 on Thursday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 19.91 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. Knowles Co. has a 12 month low of $12.84 and a 12 month high of $19.73. The firm’s fifty day simple moving average is $17.59 and its 200 day simple moving average is $17.40.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%. The firm had revenue of $142.50 million during the quarter, compared to the consensus estimate of $140.97 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 31.8% on a year-over-year basis.

Insider Buying and Selling at Knowles

In other news, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following the completion of the transaction, the director now directly owns 48,933 shares in the company, valued at $846,051.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total value of $217,490.91. Following the completion of the sale, the director now owns 48,933 shares of the company’s stock, valued at approximately $846,051.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the transaction, the chief financial officer now owns 211,200 shares in the company, valued at approximately $3,907,200. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,748 shares of company stock worth $530,948. Insiders own 2.65% of the company’s stock.

Institutional Investors Weigh In On Knowles

Several hedge funds have recently bought and sold shares of KN. Quest Partners LLC bought a new stake in Knowles in the second quarter valued at approximately $30,000. Blue Trust Inc. boosted its position in Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 1,069 shares during the period. Quarry LP acquired a new position in shares of Knowles in the second quarter valued at $39,000. GAMMA Investing LLC raised its position in shares of Knowles by 37.6% in the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 668 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Knowles during the 2nd quarter worth about $46,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).