Raymond Cabrera Sells 6,178 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) SVP Raymond Cabrera sold 6,178 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the completion of the sale, the senior vice president owned 127,945 shares in the company, valued at $4,641,844.60. The trade was a 4.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Knowles Price Performance

NYSE:KN opened at $34.52 on Thursday. The firm’s fifty day moving average is $38.08 and its two-hundred day moving average is $31.29. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 44.84 and a beta of 1.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20. Knowles Corporation has a one year low of $19.29 and a one year high of $42.93.

Knowles (NYSE:KN) last issued its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Research analysts expect that Knowles Corporation will post 1.02 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on KN. Craig Hallum reissued a “buy” rating and issued a $38.00 price target on shares of Knowles in a report on Friday, April 24th. Susquehanna raised their target price on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a research report on Friday, May 22nd. Robert W. Baird set a $44.00 price target on Knowles in a report on Friday, July 24th. Finally, Zacks Research downgraded Knowles from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Knowles presently has an average rating of “Hold” and a consensus target price of $40.67.

Hedge Funds Weigh In On Knowles

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its position in Knowles by 10.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock valued at $119,072,000 after acquiring an additional 484,500 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Knowles by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,806,916 shares of the communications equipment provider’s stock valued at $60,152,000 after purchasing an additional 205,573 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. increased its stake in Knowles by 52.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock worth $31,723,000 after buying an additional 470,100 shares during the period. Finally, Bank of America Corp DE increased its stake in Knowles by 7.5% during the 3rd quarter. Bank of America Corp DE now owns 825,344 shares of the communications equipment provider’s stock worth $19,239,000 after buying an additional 57,899 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

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.