SG Americas Securities LLC Sells 16,934 Shares of Knowles Corporation $KN

SG Americas Securities LLC lowered its holdings in shares of Knowles Corporation (NYSE:KN) by 42.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,636 shares of the communications equipment provider’s stock after selling 16,934 shares during the quarter. SG Americas Securities LLC’s holdings in Knowles were worth $581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KN. McMillan Office Inc. bought a new position in Knowles in the 4th quarter worth approximately $39,000. Osaic Holdings Inc. raised its position 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 valued at $31,000 after buying an additional 895 shares during the last quarter. Torren Management LLC purchased a new position in shares of Knowles in the fourth quarter worth $43,000. NBC Securities Inc. purchased a new position in shares of Knowles in the fourth quarter worth $52,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Knowles during the fourth quarter worth $54,000. Institutional investors own 96.35% of the company’s stock.

Insider Buying and Selling at Knowles

In other news, CEO Jeffrey Niew sold 142,857 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total transaction of $4,749,995.25. Following the transaction, the chief executive officer owned 883,719 shares of the company’s stock, valued at approximately $29,383,656.75. The trade was a 13.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Daniel J. Giesecke sold 20,201 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total value of $753,901.32. Following the sale, the chief operating officer owned 175,855 shares in the company, valued at $6,562,908.60. The trade was a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 173,058 shares of company stock worth $5,809,156 over the last ninety days. Company insiders own 2.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KN. Craig Hallum reaffirmed a “buy” rating and set a $38.00 target price on shares of Knowles in a research note on Friday, April 24th. Zacks Research downgraded shares of Knowles from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research report on Friday, May 22nd. Finally, Robert W. Baird lifted their target price on Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Knowles currently has an average rating of “Hold” and an average price target of $33.33.

Knowles Stock Performance

Knowles stock opened at $34.55 on Wednesday. The company’s 50-day moving average price is $37.27 and its 200-day moving average price is $29.67. The company has a quick ratio of 1.77, a current ratio of 3.27 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.96 billion, a PE ratio of 53.99 and a beta of 1.59. Knowles Corporation has a twelve month low of $17.34 and a twelve month high of $42.93.

Knowles (NYSE:KN) last announced its quarterly earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $153.10 million during the quarter, compared to the consensus estimate of $147.40 million. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, equities research analysts forecast that Knowles Corporation will post 0.94 EPS for the current fiscal year.

Knowles 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.