Knowles (NYSE:KN) VP Sells $59,370.12 in Stock

Knowles Corporation (NYSE:KN) VP Air Jr. Bastarrica sold 1,962 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $30.26, for a total value of $59,370.12. Following the transaction, the vice president owned 53,345 shares in the company, valued at approximately $1,614,219.70. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Knowles Stock Up 1.4%

Knowles stock opened at $31.62 on Friday. 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 business’s 50-day simple moving average is $27.25 and its two-hundred day simple moving average is $24.77. The company has a market cap of $2.71 billion, a PE ratio of 49.41 and a beta of 1.56. Knowles Corporation has a fifty-two week low of $15.85 and a fifty-two week high of $31.95.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KN. Royal Bank of Canada boosted its position in shares of Knowles by 27.0% during the first quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock worth $1,064,000 after buying an additional 14,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Knowles by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider’s stock valued at $786,000 after buying an additional 2,245 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Knowles by 7.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,557 shares of the communications equipment provider’s stock valued at $3,626,000 after buying an additional 15,827 shares in the last quarter. Jane Street Group LLC acquired a new stake in Knowles in the first quarter valued at $3,335,000. Finally, Norges Bank acquired a new stake in Knowles in the second quarter valued at $1,255,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KN has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Zacks Research upgraded Knowles from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Craig Hallum reiterated a “buy” rating and set a $38.00 price objective on shares of Knowles in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.33.

About Knowles

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.