Jupiter Topco LLC Invests $1.66 Million in Knowles Corporation $KN

Jupiter Topco LLC bought a new stake in shares of Knowles Corporation (NYSE:KN) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 39,958 shares of the communications equipment provider’s stock, valued at approximately $1,658,000.

Other hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC boosted its stake in shares of Knowles by 212.9% during the first 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 last quarter. Osaic Holdings Inc. boosted its holdings 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 during the last quarter. McMillan Office Inc. purchased a new position in Knowles during the fourth quarter worth about $39,000. MassMutual Private Wealth & Trust FSB boosted its stake in Knowles by 35.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock worth $48,000 after buying an additional 304 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Knowles in the 1st quarter worth about $51,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Insider Buying and Selling at Knowles

In other Knowles news, Director Cheryl L. Shavers sold 6,618 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $259,888.86. Following the completion of the transaction, the director directly owned 35,723 shares of the company’s stock, valued at $1,402,842.21. This trade represents a 15.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the completion of the sale, the senior vice president directly owned 127,945 shares of the company’s stock, valued at $4,641,844.60. The trade was a 4.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KN. Weiss Ratings cut Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Wall Street Zen lowered Knowles from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Robert W. Baird set a $44.00 target price on Knowles in a report on Friday, July 24th. Finally, Susquehanna raised their target price on Knowles from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.67.

Knowles Price Performance

Shares of NYSE KN opened at $35.44 on Friday. The company has a quick ratio of 1.75, a current ratio of 3.20 and a debt-to-equity ratio of 0.16. Knowles Corporation has a fifty-two week low of $20.57 and a fifty-two week high of $42.93. The business has a 50 day moving average price of $36.64 and a two-hundred day moving average price of $33.40. The firm has a market cap of $3.03 billion, a PE ratio of 46.03 and a beta of 1.59.

Knowles (NYSE:KN) last announced its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The company had revenue of $166.80 million for the quarter, compared to analyst estimates of $156.97 million. During the same period in the prior year, the company posted $0.24 EPS. Knowles’s quarterly revenue was up 14.3% on a year-over-year basis. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Sell-side analysts expect that Knowles Corporation will post 1.02 earnings per share for the current fiscal year.

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.