Thrivent Financial for Lutherans Sells 48,228 Shares of Knowles Corporation $KN

Thrivent Financial for Lutherans decreased its position in Knowles Corporation (NYSE:KN) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,552 shares of the communications equipment provider’s stock after selling 48,228 shares during the period. Thrivent Financial for Lutherans owned about 0.28% of Knowles worth $4,309,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KN. Ariel Investments LLC raised its stake in shares of Knowles by 3.9% in the first quarter. Ariel Investments LLC now owns 4,657,747 shares of the communications equipment provider’s stock valued at $70,798,000 after purchasing an additional 174,549 shares in the last quarter. Wellington Management Group LLP boosted its stake in Knowles by 3.7% during the first quarter. Wellington Management Group LLP now owns 2,592,223 shares of the communications equipment provider’s stock worth $39,402,000 after buying an additional 92,792 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Knowles by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,220,236 shares of the communications equipment provider’s stock valued at $21,635,000 after buying an additional 70,078 shares during the period. Raymond James Financial Inc. raised its stake in shares of Knowles by 4.6% in the 2nd quarter. Raymond James Financial Inc. now owns 890,818 shares of the communications equipment provider’s stock valued at $15,696,000 after buying an additional 39,066 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Knowles by 25.8% in the 2nd quarter. Bank of America Corp DE now owns 767,445 shares of the communications equipment provider’s stock valued at $13,522,000 after buying an additional 157,547 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insider Transactions at Knowles

In other Knowles news, CEO Jeffrey Niew sold 98,252 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.71, for a total transaction of $2,329,554.92. Following the sale, the chief executive officer owned 939,370 shares of the company’s stock, valued at $22,272,462.70. This represents a 9.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 186,656 shares of company stock worth $4,421,469. 2.54% of the stock is owned by corporate insiders.

Knowles Stock Up 0.8%

Shares of KN opened at $22.06 on Friday. The company has a market capitalization of $1.88 billion, a P/E ratio of 45.96 and a beta of 1.51. Knowles Corporation has a one year low of $12.19 and a one year high of $24.53. The business’s 50 day simple moving average is $22.78 and its 200-day simple moving average is $21.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.90 and a quick ratio of 1.19.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, October 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $149.08 million. Knowles had a return on equity of 8.98% and a net margin of 7.27%.The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. Knowles has set its Q4 2025 guidance at 0.330-0.370 EPS.

Analysts Set New Price Targets

A number of research firms recently weighed in on KN. Craig Hallum set a $28.00 target price on shares of Knowles and gave the company a “buy” rating in a research note on Friday, October 24th. Susquehanna upped their price objective on Knowles from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Knowles in a report on Monday, December 15th. Robert W. Baird set a $30.00 price target on Knowles in a research note on Friday, October 24th. Finally, Wall Street Zen upgraded Knowles from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.00.

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.