Knowles (NYSE:KN) Reaches New 1-Year High – Here’s Why

Knowles Corporation (NYSE:KN) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.85 and last traded at $37.64, with a volume of 47549 shares. The stock had previously closed at $36.66.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Craig Hallum reissued a “buy” rating and set a $38.00 price target on shares of Knowles in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a report on Friday. Robert W. Baird increased their price target on shares of Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Knowles Stock Performance

The stock’s 50-day moving average price is $29.84 and its 200-day moving average price is $26.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 58.66 and a beta of 1.56.

Knowles (NYSE:KN) last posted its quarterly earnings results 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. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The company had revenue of $153.10 million during the quarter, compared to the consensus estimate of $147.40 million. During the same period last year, the firm earned $0.18 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, equities research analysts expect that Knowles Corporation will post 0.94 earnings per share for the current year.

Insider Activity

In other news, CEO Jeffrey Niew sold 142,857 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 883,719 shares in the company, valued at $29,383,656.75. This represents a 13.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert J. Perna sold 9,221 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $27.88, for a total transaction of $257,081.48. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 162,078 shares of company stock worth $5,312,336. Company insiders own 2.24% of the company’s stock.

Institutional Trading of Knowles

Several large investors have recently modified their holdings of the business. Edgestream Partners L.P. grew its position in shares of Knowles by 169.4% in the first quarter. Edgestream Partners L.P. now owns 274,840 shares of the communications equipment provider’s stock valued at $7,058,000 after purchasing an additional 172,819 shares during the last quarter. Amundi grew its position in shares of Knowles by 239.2% in the first quarter. Amundi now owns 86,254 shares of the communications equipment provider’s stock valued at $2,215,000 after purchasing an additional 60,822 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Knowles by 30.7% in the first quarter. EverSource Wealth Advisors LLC now owns 4,397 shares of the communications equipment provider’s stock valued at $113,000 after purchasing an additional 1,033 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Knowles by 24.9% in the first quarter. California State Teachers Retirement System now owns 104,881 shares of the communications equipment provider’s stock valued at $2,693,000 after purchasing an additional 20,924 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Knowles by 3.7% in the first quarter. The Manufacturers Life Insurance Company now owns 38,346 shares of the communications equipment provider’s stock valued at $985,000 after purchasing an additional 1,383 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Company 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.