BidaskClub upgraded shares of Knowles Corporation (NYSE:KN) from a strong sell rating to a sell rating in a research note released on Saturday.

A number of other brokerages have also weighed in on KN. Zacks Investment Research lowered Knowles Corporation from a hold rating to a sell rating in a research note on Tuesday, August 1st. Dougherty & Co initiated coverage on Knowles Corporation in a research note on Thursday, June 8th. They issued a buy rating and a $22.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Knowles Corporation currently has a consensus rating of Hold and an average price target of $18.33.

Knowles Corporation (NYSE KN) opened at 14.64 on Friday. The company’s 50-day moving average is $15.49 and its 200 day moving average is $17.55. Knowles Corporation has a 12 month low of $13.32 and a 12 month high of $19.90. The firm’s market cap is $1.31 billion.

Knowles Corporation (NYSE:KN) last announced its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $190.20 million for the quarter, compared to analyst estimates of $190.24 million. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. Equities research analysts expect that Knowles Corporation will post $0.95 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/knowles-corporation-kn-rating-increased-to-sell-at-bidaskclub/1530821.html.

In other news, insider Michael S. Polacek acquired 3,246 shares of Knowles Corporation stock in a transaction dated Friday, August 4th. The shares were purchased at an average cost of $15.40 per share, for a total transaction of $49,988.40. Following the transaction, the insider now owns 42,866 shares of the company’s stock, valued at $660,136.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in KN. Acrospire Investment Management LLC raised its position in Knowles Corporation by 94.8% in the first quarter. Acrospire Investment Management LLC now owns 5,301 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 2,580 shares during the last quarter. LS Investment Advisors LLC raised its position in Knowles Corporation by 17.9% in the second quarter. LS Investment Advisors LLC now owns 6,953 shares of the communications equipment provider’s stock valued at $118,000 after buying an additional 1,056 shares during the last quarter. Riverhead Capital Management LLC raised its position in Knowles Corporation by 88.1% in the second quarter. Riverhead Capital Management LLC now owns 6,959 shares of the communications equipment provider’s stock valued at $118,000 after buying an additional 3,259 shares during the last quarter. Bank of Montreal Can raised its position in Knowles Corporation by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 562 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Knowles Corporation by 31.5% in the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock valued at $182,000 after buying an additional 2,300 shares during the last quarter.

Knowles Corporation Company Profile

Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).

Analyst Recommendations for Knowles Corporation (NYSE:KN)

Receive News & Ratings for Knowles Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.