Key Points
- Knowles CEO Jeffrey Niew sold 142,857 shares on May 5 at an average price of $33.25 for about $4.75 million, trimming his stake by 13.92% to 883,719 shares (SEC filing).
- Knowles beat Q1 expectations, reporting $0.27 EPS versus $0.24 expected and $153.1M revenue (up 15.8% YoY), and guided Q2 EPS of $0.28–$0.32.
- The stock trades near its 52‑week high with a market consensus of "Hold" (average target ~$33.33) and a relatively high PE (~52.8), while analyst ratings range from Hold to Buy.
Knowles Corporation (NYSE:KN - Get Free Report) CEO Jeffrey Niew sold 142,857 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $33.25, for a total value of $4,749,995.25. Following the completion of the sale, the chief executive officer owned 883,719 shares of the company's stock, valued at approximately $29,383,656.75. This trade represents a 13.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Jeffrey Niew also recently made the following trade(s):
- On Friday, February 6th, Jeffrey Niew sold 75,000 shares of Knowles stock. The stock was sold at an average price of $26.50, for a total value of $1,987,500.00.
Knowles Stock Down 0.4%
NYSE KN opened at $33.81 on Friday. The company has a quick ratio of 1.77, a current ratio of 3.27 and a debt-to-equity ratio of 0.17. Knowles Corporation has a fifty-two week low of $16.09 and a fifty-two week high of $34.67. The business has a 50 day moving average price of $27.61 and a two-hundred day moving average price of $25.02. The stock has a market cap of $2.89 billion, a PE ratio of 52.83 and a beta of 1.56.
Knowles (NYSE:KN - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $153.10 million for the quarter, compared to analyst estimates of $147.40 million. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, sell-side analysts predict that Knowles Corporation will post 0.94 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on KN. Zacks Research raised shares of Knowles from a "strong sell" rating to a "hold" rating in a research report on Friday, April 10th. Robert W. Baird boosted their price target on Knowles from $30.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Finally, Craig Hallum reissued a "buy" rating and issued a $38.00 price target on shares of Knowles in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $33.33.
Check Out Our Latest Analysis on KN
Hedge Funds Weigh In On Knowles
A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Knowles by 27.0% in the 1st quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider's stock worth $1,064,000 after acquiring an additional 14,900 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Knowles by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider's stock valued at $786,000 after acquiring an additional 2,245 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 valued at $3,626,000 after acquiring an additional 15,827 shares in the last quarter. Jane Street Group LLC bought a new position in Knowles during the first quarter worth $3,335,000. Finally, Norges Bank bought a new position in Knowles during the second quarter worth $1,255,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.
Knowles Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
