State of Wyoming Purchases 15,857 Shares of Knowles Corporation $KN

State of Wyoming grew its holdings in shares of Knowles Corporation (NYSE:KNFree Report) by 214.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,245 shares of the communications equipment provider’s stock after purchasing an additional 15,857 shares during the quarter. State of Wyoming’s holdings in Knowles were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its holdings in shares of Knowles by 365.4% in the third quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock worth $32,502,000 after buying an additional 1,094,715 shares during the last quarter. Franklin Resources Inc. increased its holdings in Knowles by 10.5% during the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock valued at $119,072,000 after buying an additional 484,500 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Knowles by 52.8% during the third quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock valued at $31,723,000 after buying an additional 470,100 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Knowles in the fourth quarter worth approximately $6,555,000. Finally, Aberdeen Group plc raised its position in Knowles by 72.9% in the fourth quarter. Aberdeen Group plc now owns 634,355 shares of the communications equipment provider’s stock worth $13,594,000 after acquiring an additional 267,400 shares during the period. Institutional investors own 96.35% of the company’s stock.

Knowles News Summary

Here are the key news stories impacting Knowles this week:

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Knowles from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research note on Friday, May 22nd. Susquehanna raised their target price on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday. Robert W. Baird set a $44.00 target price on Knowles in a research report on Friday. Finally, Craig Hallum reiterated a “buy” rating and set a $38.00 target price on shares of Knowles in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.67.

View Our Latest Report on Knowles

Insider Activity

In other Knowles news, VP Air A. Jr. Bastarrica sold 3,623 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $30.91, for a total value of $111,986.93. Following the completion of the sale, the vice president owned 47,569 shares in the company, valued at approximately $1,470,357.79. This represents a 7.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Daniel J. Giesecke sold 20,201 shares of the firm’s stock in a transaction dated 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 directly owned 175,855 shares in the company, valued at approximately $6,562,908.60. This represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 173,058 shares of company stock worth $5,809,156 in the last three months. Company insiders own 2.24% of the company’s stock.

Knowles Price Performance

NYSE KN opened at $37.52 on Friday. Knowles Corporation has a 12 month low of $19.28 and a 12 month high of $42.93. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 48.72 and a beta of 1.59. The company’s 50 day moving average is $38.00 and its two-hundred day moving average is $30.95. The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17.

Knowles (NYSE:KNGet Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $166.80 million for the quarter, compared to the consensus estimate of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.55%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, research analysts anticipate that Knowles Corporation will post 0.94 earnings per share for the current year.

Knowles Profile

(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

Want to see what other hedge funds are holding KN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knowles Corporation (NYSE:KNFree Report).

Institutional Ownership by Quarter for Knowles (NYSE:KN)

Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.