Knowles (NYSE:KN) Stock Passes Above Fifty Day Moving Average After Analyst Downgrade

Knowles Corporation (NYSE:KN) shares crossed above its fifty day moving average during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a fifty day moving average of $36.41 and traded as high as $40.91. Knowles shares last traded at $40.7730, with a volume of 1,185,441 shares trading hands.

A number of other equities research analysts have also commented on the company. Craig Hallum restated a “buy” rating and set a $38.00 price objective on shares of Knowles in a research report on Friday, April 24th. Robert W. Baird lifted their price objective on shares of Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Knowles currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Insider Transactions at Knowles

In other Knowles news, CEO Jeffrey Niew sold 142,857 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $33.25, for a total transaction of $4,749,995.25. Following the completion of the transaction, the chief executive officer owned 883,719 shares of the company’s stock, valued at $29,383,656.75. The trade was a 13.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Air A. Jr. Bastarrica sold 3,623 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $30.91, for a total transaction of $111,986.93. Following the sale, the vice president owned 47,569 shares of the company’s stock, valued at $1,470,357.79. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 173,058 shares of company stock worth $5,809,156. 2.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Knowles

Several large investors have recently made changes to their positions in KN. Royal Bank of Canada increased its position in Knowles by 27.0% in the 1st quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock worth $1,064,000 after buying an additional 14,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Knowles by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider’s stock worth $786,000 after acquiring an additional 2,245 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Knowles by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,557 shares of the communications equipment provider’s stock worth $3,626,000 after acquiring an additional 15,827 shares during the period. Jane Street Group LLC acquired a new position in Knowles during the 1st quarter valued at $3,335,000. Finally, Norges Bank acquired a new position in Knowles during the 2nd quarter valued at $1,255,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Trading Down 2.3%

The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $36.85 and its two-hundred day simple moving average is $29.28. The stock has a market capitalization of $3.47 billion, a P/E ratio of 63.32 and a beta of 1.60.

Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The company had revenue of $153.10 million for the quarter, compared to the consensus estimate of $147.40 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The business’s revenue was up 15.8% compared to the same quarter last year. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, analysts forecast that Knowles Corporation will post 0.94 earnings per share for the current year.

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.