Allspring Global Investments Holdings LLC Sells 40,176 Shares of Knowles Corporation $KN

Allspring Global Investments Holdings LLC cut its stake in shares of Knowles Corporation (NYSE:KN) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,177,294 shares of the communications equipment provider’s stock after selling 40,176 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.38% of Knowles worth $25,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in shares of Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 895 shares in the last quarter. State of Wyoming acquired a new position in shares of Knowles in the third quarter valued at approximately $105,000. LSV Asset Management bought a new stake in shares of Knowles during the third quarter worth $182,000. Russell Investments Group Ltd. lifted its position in Knowles by 725.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,606 shares of the communications equipment provider’s stock valued at $201,000 after acquiring an additional 7,563 shares in the last quarter. Finally, Choreo LLC acquired a new position in Knowles in the 2nd quarter worth $202,000. Institutional investors own 96.35% of the company’s stock.

Knowles Stock Down 0.0%

Shares of KN opened at $25.87 on Friday. The firm has a 50 day simple moving average of $25.91 and a two-hundred day simple moving average of $23.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.75 and a quick ratio of 1.58. Knowles Corporation has a one year low of $12.19 and a one year high of $28.74. The company has a market cap of $2.21 billion, a P/E ratio of 50.72 and a beta of 1.49.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, February 5th. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $162.20 million for the quarter, compared to analyst estimates of $156.23 million. Knowles had a return on equity of 9.76% and a net margin of 7.45%.The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.

Insider Buying and Selling at Knowles

In related news, SVP Raymond D. Cabrera sold 10,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $26.75, for a total transaction of $267,500.00. Following the completion of the transaction, the senior vice president directly owned 102,019 shares of the company’s stock, valued at $2,729,008.25. This trade represents a 8.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Daniel J. Giesecke sold 15,885 shares of Knowles stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $27.22, for a total value of $432,389.70. Following the transaction, the chief operating officer directly owned 164,963 shares in the company, valued at $4,490,292.86. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 248,742 shares of company stock worth $6,549,780 over the last three months. 2.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a research report on Monday, December 29th. Zacks Research lowered Knowles from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Finally, Craig Hallum restated a “buy” rating and issued a $30.00 target price on shares of Knowles in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.67.

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.