Key Points
- Knowles SVP Raymond Cabrera sold 6,178 shares at an average price of $36.28, generating approximately $224,138. His direct ownership fell 4.61% to 127,945 shares.
- Knowles exceeded quarterly expectations, reporting $0.33 EPS versus the $0.31 estimate and revenue of $166.8 million versus $157.0 million expected. Revenue increased 14.3% year over year, and third-quarter EPS guidance is $0.34–$0.38.
- Analysts maintain a consensus “Hold” rating with an average price target of $40.67, while the stock recently traded near $36.05. Institutional investors own 96.35% of the company.
Knowles Corporation (NYSE:KN - Get Free Report) SVP Raymond Cabrera sold 6,178 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.28, for a total value of $224,137.84. Following the sale, the senior vice president directly owned 127,945 shares in the company, valued at $4,641,844.60. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Knowles Stock Performance
NYSE KN opened at $36.05 on Wednesday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 46.82 and a beta of 1.59. The stock has a 50-day simple moving average of $38.10 and a two-hundred day simple moving average of $31.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20. Knowles Corporation has a fifty-two week low of $19.29 and a fifty-two week high of $42.93.
Knowles (NYSE:KN - Get Free Report) last issued its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The firm had revenue of $166.80 million for the quarter, compared to the consensus estimate of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The company's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, equities analysts forecast that Knowles Corporation will post 0.94 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on KN shares. Craig Hallum reaffirmed a "buy" rating and set a $38.00 price objective on shares of Knowles in a research note on Friday, April 24th. Zacks Research lowered shares of Knowles from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Susquehanna lifted their price objective on shares of Knowles from $33.00 to $40.00 and gave the company a "neutral" rating in a report on Friday. Robert W. Baird set a $44.00 price objective on shares of Knowles in a research report on Friday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Knowles in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Knowles currently has a consensus rating of "Hold" and a consensus price target of $40.67.
Get Our Latest Research Report on KN
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Millstone Evans Group LLC grew its stake in Knowles by 212.9% in the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 662 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Knowles by 35.9% during 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 purchasing an additional 304 shares in the last quarter. McMillan Office Inc. acquired a new stake in shares of Knowles in the fourth quarter valued at about $39,000. Osaic Holdings Inc. increased its stake in shares of Knowles by 94.5% during the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider's stock worth $31,000 after purchasing an additional 895 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Knowles during the 2nd quarter worth about $80,000. Hedge funds and other institutional investors own 96.35% of the company's stock.
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.
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].
