Knowles (NYSE:KN) Director Cheryl Shavers Sells 6,618 Shares of Stock

Knowles Corporation (NYSE:KN) Director Cheryl Shavers sold 6,618 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $259,888.86. Following the sale, the director directly owned 35,723 shares in the company, valued at approximately $1,402,842.21. This represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Price Performance

Shares of Knowles stock opened at $36.10 on Wednesday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 46.89 and a beta of 1.60. The company has a quick ratio of 1.75, a current ratio of 3.20 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $38.24 and its 200-day simple moving average is $32.68. Knowles Corporation has a 52 week low of $20.10 and a 52 week high of $42.93.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in Knowles in the second quarter worth $58,000. Capstone Investment Advisors LLC bought a new position in Knowles during the second quarter valued at $574,000. Corient Private Wealth LP purchased a new position in shares of Knowles in the 2nd quarter worth $233,000. Punch & Associates Investment Management Inc. purchased a new position in shares of Knowles in the 2nd quarter worth $248,000. Finally, Bank of America Corp DE bought a new stake in shares of Knowles in the 2nd quarter worth about $30,158,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KN shares. Weiss Ratings raised shares of Knowles from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Craig Hallum reaffirmed a “buy” rating and set a $38.00 target price on shares of Knowles in a research note on Friday, April 24th. Zacks Research upgraded shares of Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Susquehanna boosted their price target on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Robert W. Baird set a $44.00 price objective on shares of Knowles in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $40.67.

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.