Knowles Corporation $KN Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its stake in shares of Knowles Corporation (NYSE:KN) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,044,978 shares of the communications equipment provider’s stock after selling 8,797 shares during the period. Geode Capital Management LLC’s holdings in Knowles were worth $36,037,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KN. Meeder Asset Management Inc. boosted its holdings in shares of Knowles by 47.0% in the first quarter. Meeder Asset Management Inc. now owns 3,703 shares of the communications equipment provider’s stock valued at $56,000 after acquiring an additional 1,184 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Knowles in the first quarter worth approximately $106,000. GAMMA Investing LLC boosted its stake in Knowles by 118.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,482 shares of the communications equipment provider’s stock valued at $114,000 after purchasing an additional 3,520 shares in the last quarter. CWM LLC increased its position in shares of Knowles by 283.2% during the 2nd quarter. CWM LLC now owns 10,265 shares of the communications equipment provider’s stock valued at $181,000 after purchasing an additional 7,586 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of Knowles in the 1st quarter worth $193,000. 96.35% of the stock is currently owned by institutional investors.

Knowles Stock Up 0.1%

Shares of NYSE:KN opened at $22.44 on Thursday. The firm has a 50 day simple moving average of $22.95 and a 200 day simple moving average of $20.30. Knowles Corporation has a 52 week low of $12.19 and a 52 week high of $24.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.19 and a current ratio of 1.90. The company has a market cap of $1.91 billion, a PE ratio of 46.75 and a beta of 1.53.

Knowles (NYSE:KN) last announced its earnings results on Thursday, October 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $152.90 million for the quarter, compared to the consensus estimate of $149.08 million. Knowles had a net margin of 7.27% and a return on equity of 8.98%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. Knowles has set its Q4 2025 guidance at 0.330-0.370 EPS.

Insiders Place Their Bets

In related news, CEO Jeffrey Niew sold 98,252 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $23.71, for a total value of $2,329,554.92. Following the completion of the sale, the chief executive officer directly owned 939,370 shares of the company’s stock, valued at approximately $22,272,462.70. This represents a 9.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.54% of the company’s stock.

Analyst Upgrades and Downgrades

KN has been the topic of a number of research analyst reports. Wall Street Zen raised Knowles from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Susquehanna increased their target price on shares of Knowles from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a report on Tuesday. Robert W. Baird set a $30.00 price target on Knowles in a report on Friday, October 24th. Finally, Craig Hallum set a $28.00 price objective on Knowles and gave the company a “buy” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Knowles Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).