Allspring Global Investments Holdings LLC Sells 25,623 Shares of Knowles Corporation $KN

Allspring Global Investments Holdings LLC cut its holdings in shares of Knowles Corporation (NYSE:KN) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,151,671 shares of the communications equipment provider’s stock after selling 25,623 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.35% of Knowles worth $30,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in Knowles by 365.4% in the third quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock valued at $32,502,000 after purchasing an additional 1,094,715 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Knowles by 10.5% during the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock valued at $119,072,000 after purchasing an additional 484,500 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Knowles by 52.8% during the third quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock valued at $31,723,000 after purchasing an additional 470,100 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Knowles in the 4th quarter worth approximately $6,555,000. Finally, Aberdeen Group plc boosted its holdings in Knowles by 72.9% in the 4th quarter. Aberdeen Group plc now owns 634,355 shares of the communications equipment provider’s stock worth $13,594,000 after buying an additional 267,400 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Knowles

In related news, CEO Jeffrey Niew sold 142,857 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total transaction of $4,749,995.25. Following the transaction, the chief executive officer directly owned 883,719 shares of the company’s stock, valued at approximately $29,383,656.75. This trade represents a 13.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Daniel J. Giesecke sold 20,201 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total value of $753,901.32. Following the completion of the sale, the chief operating officer owned 175,855 shares of the company’s stock, valued at $6,562,908.60. The trade was a 10.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 173,058 shares of company stock valued at $5,809,156. Insiders own 2.24% of the company’s stock.

Knowles Trading Down 0.1%

Shares of KN stock opened at $35.21 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27. Knowles Corporation has a 52-week low of $17.67 and a 52-week high of $42.93. The company has a market capitalization of $3.01 billion, a PE ratio of 55.01 and a beta of 1.59. The business’s fifty day moving average is $37.86 and its 200 day moving average is $30.47.

Knowles (NYSE:KN) last announced its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $153.10 million for the quarter, compared to analyst estimates of $147.40 million. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, equities research analysts anticipate that Knowles Corporation will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KN. Robert W. Baird increased their target price on Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a report on Friday, May 22nd. Zacks Research downgraded Knowles from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $38.00 target price on shares of Knowles in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.33.

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.