Knowles (NYSE:KN) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Knowles (NYSE:KN) from a hold rating to a buy rating in a report issued on Thursday.

Separately, Susquehanna dropped their price target on Knowles from $17.00 to $16.00 and set a neutral rating on the stock in a research report on Tuesday, July 25th.

Knowles Price Performance

KN stock opened at $16.03 on Thursday. Knowles has a 52-week low of $11.57 and a 52-week high of $20.25. The company has a quick ratio of 1.70, a current ratio of 3.47 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.46 billion, a PE ratio of -7.42 and a beta of 1.41. The stock’s 50 day moving average is $17.22 and its two-hundred day moving average is $16.93.

Knowles (NYSE:KN) last announced its quarterly earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Knowles had a positive return on equity of 4.57% and a negative net margin of 28.43%. The business had revenue of $173.00 million for the quarter.

Hedge Funds Weigh In On Knowles

Hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Knowles by 16.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 97,333 shares of the communications equipment provider’s stock valued at $1,598,000 after purchasing an additional 13,837 shares in the last quarter. GSA Capital Partners LLP bought a new position in Knowles in the 4th quarter valued at $861,000. Swiss National Bank boosted its position in Knowles by 1.7% in the 4th quarter. Swiss National Bank now owns 221,300 shares of the communications equipment provider’s stock valued at $3,634,000 after buying an additional 3,700 shares during the last quarter. Ronald Blue Trust Inc. boosted its position in Knowles by 265.4% in the 1st quarter. Ronald Blue Trust Inc. now owns 2,726 shares of the communications equipment provider’s stock valued at $45,000 after buying an additional 1,980 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Knowles by 9.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,411,008 shares of the communications equipment provider’s stock valued at $39,589,000 after buying an additional 207,677 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Company Profile

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).