CW Advisors LLC acquired a new stake in shares of Knowles Corporation (NYSE:KN – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,715 shares of the communications equipment provider’s stock, valued at approximately $383,000.
Several other large investors have also recently made changes to their positions in KN. BI Asset Management Fondsmaeglerselskab A S bought a new position in Knowles during the first quarter valued at approximately $106,000. GAMMA Investing LLC grew its holdings in shares of Knowles by 118.8% in the second quarter. GAMMA Investing LLC now owns 6,482 shares of the communications equipment provider’s stock valued at $114,000 after purchasing an additional 3,520 shares in the last quarter. CWM LLC grew its holdings in shares of Knowles by 283.2% in the second quarter. CWM LLC now owns 10,265 shares of the communications equipment provider’s stock valued at $181,000 after purchasing an additional 7,586 shares in the last quarter. AlphaQuest LLC bought a new stake in Knowles in the first quarter worth $193,000. Finally, Smartleaf Asset Management LLC raised its stake in Knowles by 4.7% during the first quarter. Smartleaf Asset Management LLC now owns 13,105 shares of the communications equipment provider’s stock valued at $201,000 after purchasing an additional 592 shares in the last quarter. 96.35% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have commented on KN shares. Wall Street Zen raised shares of Knowles from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Knowles in a report on Monday. Susquehanna boosted their price objective on Knowles from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Craig Hallum set a $28.00 price objective on Knowles and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Robert W. Baird set a $30.00 target price on Knowles in a report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Knowles currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.
Insider Buying and Selling at Knowles
In other news, CEO Jeffrey Niew sold 25,000 shares of Knowles stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $23.50, for a total transaction of $587,500.00. Following the completion of the sale, the chief executive officer directly owned 914,370 shares in the company, valued at approximately $21,487,695. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 161,656 shares of company stock worth $3,821,469 in the last ninety days. 2.54% of the stock is currently owned by company insiders.
Knowles Stock Performance
Knowles stock opened at $23.84 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.90 and a quick ratio of 1.19. The firm has a market capitalization of $2.03 billion, a P/E ratio of 49.68 and a beta of 1.51. Knowles Corporation has a 1-year low of $12.19 and a 1-year high of $24.53. The company’s 50-day moving average is $22.93 and its 200 day moving average is $20.73.
Knowles (NYSE:KN – Get Free Report) last released its earnings results on Thursday, October 23rd. The communications equipment provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Knowles had a return on equity of 8.98% and a net margin of 7.27%.The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $149.08 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Knowles has set its Q4 2025 guidance at 0.330-0.370 EPS.
Knowles Company Profile
Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).
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