Vestmark Advisory Solutions Inc. Sells 23,233 Shares of Knowles Corporation $KN

Vestmark Advisory Solutions Inc. lessened its stake in shares of Knowles Corporation (NYSE:KN) by 36.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 40,173 shares of the communications equipment provider’s stock after selling 23,233 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Knowles were worth $936,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KN. Osaic Holdings Inc. boosted its position in Knowles by 94.5% during the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 895 shares during the period. State of Wyoming acquired a new stake in shares of Knowles in the third quarter worth $105,000. LSV Asset Management bought a new stake in shares of Knowles during the 3rd quarter worth $182,000. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Knowles in the 3rd quarter valued at $202,000. Finally, CIBC Asset Management Inc acquired a new position in Knowles in the 3rd quarter valued at $202,000. 96.35% of the stock is owned by institutional investors.

Insider Transactions at Knowles

In other news, CEO Jeffrey Niew sold 75,000 shares of Knowles stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $26.50, for a total transaction of $1,987,500.00. Following the sale, the chief executive officer directly owned 739,370 shares in the company, valued at approximately $19,593,305. The trade was a 9.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Raymond D. Cabrera sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $26.75, for a total transaction of $267,500.00. Following the transaction, the senior vice president owned 102,019 shares of the company’s stock, valued at approximately $2,729,008.25. This represents a 8.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 282,099 shares of company stock valued at $7,271,640 over the last 90 days. Corporate insiders own 2.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on KN. Zacks Research cut shares of Knowles from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Craig Hallum restated a “buy” rating and set a $30.00 target price on shares of Knowles in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.67.

Knowles Stock Up 1.5%

NYSE KN opened at $28.50 on Thursday. Knowles Corporation has a twelve month low of $12.19 and a twelve month high of $28.72. The stock has a market cap of $2.42 billion, a PE ratio of 55.88 and a beta of 1.52. The firm has a 50-day simple moving average of $24.43 and a 200 day simple moving average of $23.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.58 and a current ratio of 2.75.

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

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.