UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Knowles Corporation $KN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Knowles Corporation (NYSE:KN) by 7.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 212,691 shares of the communications equipment provider’s stock after buying an additional 14,222 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Knowles were worth $8,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KN. BlackRock Inc. purchased a new stake in Knowles in the second quarter valued at approximately $571,614,000. Hodges Capital Management Inc. lifted its position in Knowles by 66.2% during the first quarter. Hodges Capital Management Inc. now owns 217,386 shares of the communications equipment provider’s stock valued at $5,582,000 after purchasing an additional 86,563 shares during the last quarter. Andar Capital Management HK Ltd purchased a new position in Knowles in the 2nd quarter worth approximately $4,853,000. William Blair Investment Management LLC bought a new position in shares of Knowles in the 2nd quarter worth $20,513,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Knowles in the 2nd quarter worth $21,568,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Knowles Price Performance

KN stock opened at $35.44 on Tuesday. 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 52 week low of $20.57 and a 52 week high of $42.93. The firm’s fifty day moving average is $36.53 and its 200 day moving average is $33.50. The firm has a market cap of $3.03 billion, a P/E ratio of 46.03 and a beta of 1.59.

Knowles (NYSE:KN) 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 company had revenue of $166.80 million for the quarter, compared to analysts’ expectations of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.45%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Research analysts predict that Knowles Corporation will post 1.02 earnings per share for the current year.

Insider Activity

In related news, Director Cheryl L. Shavers sold 6,618 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $259,888.86. Following the transaction, the director directly owned 35,723 shares in the company, valued at $1,402,842.21. This trade represents a 15.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Knowles stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.28, for a total value of $224,137.84. Following the completion of the transaction, the senior vice president directly owned 127,945 shares in the company, valued at $4,641,844.60. This trade represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird set a $44.00 price objective on shares of Knowles in a report on Friday, July 24th. Weiss Ratings downgraded Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Wall Street Zen cut Knowles from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Susquehanna raised their price objective on Knowles from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, July 24th. One investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.67.

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.