Knowles (NYSE:KN) SVP Robert Perna Sells 7,422 Shares of Stock

Knowles Corporation (NYSE:KN) SVP Robert Perna sold 7,422 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $28.10, for a total value of $208,558.20. Following the completion of the sale, the senior vice president owned 80,272 shares of the company’s stock, valued at approximately $2,255,643.20. This trade represents a 8.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Knowles Stock Down 2.4%

Shares of NYSE:KN opened at $27.24 on Friday. Knowles Corporation has a 12 month low of $12.19 and a 12 month high of $28.74. The firm has a market cap of $2.31 billion, a P/E ratio of 53.41 and a beta of 1.52. The company has a quick ratio of 1.58, a current ratio of 2.75 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $23.17.

Knowles (NYSE:KN) last released its earnings results on Thursday, February 5th. The communications equipment provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $162.20 million during the quarter, compared to analysts’ expectations of $156.23 million. Knowles had a net margin of 7.45% and a return on equity of 9.76%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KN. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research note on Monday, December 29th. Zacks Research lowered shares of Knowles from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $30.00 target price on shares of Knowles in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.67.

Institutional Trading of Knowles

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in Knowles by 18.6% in the 4th quarter. Invesco Ltd. now owns 418,035 shares of the communications equipment provider’s stock valued at $8,958,000 after purchasing an additional 65,658 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Knowles in the fourth quarter valued at approximately $379,000. XTX Topco Ltd acquired a new stake in Knowles during the fourth quarter worth approximately $1,424,000. Tudor Investment Corp ET AL bought a new position in Knowles during the 4th quarter worth $6,555,000. Finally, Twinbeech Capital LP bought a new position in Knowles during the 4th quarter worth $807,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

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.