Dimensional Fund Advisors LP decreased its stake in Knowles Corporation (NYSE:KN – Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,781,904 shares of the communications equipment provider’s stock after selling 98,021 shares during the period. Dimensional Fund Advisors LP owned 6.79% of Knowles worth $134,775,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 895 shares during the last quarter. State of Wyoming purchased a new position in shares of Knowles during the third quarter worth about $105,000. LSV Asset Management acquired a new stake in shares of Knowles during the third quarter worth about $182,000. Choreo LLC purchased a new stake in shares of Knowles in the 2nd quarter valued at about $202,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Knowles in the 3rd quarter valued at about $202,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Keith Barnes sold 41,048 shares of Knowles stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $27.16, for a total transaction of $1,114,863.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Niew sold 75,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $26.50, for a total value of $1,987,500.00. Following the sale, the chief executive officer owned 739,370 shares in the company, valued at approximately $19,593,305. The trade was a 9.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 248,742 shares of company stock valued at $6,549,780 in the last 90 days. 2.54% of the stock is owned by corporate insiders.
Knowles Price Performance
Knowles (NYSE:KN – Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Knowles had a net margin of 7.45% and a return on equity of 9.76%. The business had revenue of $162.20 million during the quarter, compared to the consensus estimate of $156.23 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on KN shares. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research note on Monday, December 29th. Craig Hallum reiterated a “buy” rating and issued a $30.00 price objective on shares of Knowles in a research note on Friday, February 6th. Finally, Zacks Research lowered shares of Knowles from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Knowles currently has an average rating of “Hold” and an average price target of $27.67.
View Our Latest Research Report on Knowles
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.
See Also
- Five stocks we like better than Knowles
- The gold chart Wall Street is terrified of…
- I tried out Elon Musk’s new AI tech — it floored me
- “I just bought 10,000 shares of a $5 stock…”
- The Next Commodity Crunch (bigger than oil?)
- Is Trump Done? Shocking leak…
Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.
