Knowles (NYSE:KN) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, ValuEngine reports.

A number of other research analysts also recently commented on KN. Craig Hallum reaffirmed a “buy” rating and set a $22.00 target price (up previously from $18.00) on shares of Knowles in a report on Thursday, April 25th. Lake Street Capital downgraded Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Friday, February 8th. JPMorgan Chase & Co. set a $15.00 target price on Knowles and gave the stock a “sell” rating in a report on Tuesday, April 2nd. TheStreet raised Knowles from a “c” rating to a “b” rating in a report on Friday, February 8th. Finally, Zacks Investment Research downgraded Knowles from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Knowles has an average rating of “Hold” and an average target price of $17.93.

Shares of KN opened at $16.10 on Thursday. The stock has a market capitalization of $1.55 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. Knowles has a one year low of $12.20 and a one year high of $19.43. The company has a quick ratio of 1.46, a current ratio of 2.71 and a debt-to-equity ratio of 0.16.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, April 24th. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The business had revenue of $179.80 million during the quarter, compared to analysts’ expectations of $175.00 million. Knowles had a net margin of 7.88% and a return on equity of 6.05%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. On average, research analysts anticipate that Knowles will post 0.9 EPS for the current year.

In related news, CFO John S. Anderson sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $18.11, for a total value of $135,825.00. Following the sale, the chief financial officer now owns 84,312 shares of the company’s stock, valued at approximately $1,526,890.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders purchased 2,578 shares of company stock worth $45,079. Company insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Knowles by 13.1% in the third quarter. Bank of New York Mellon Corp now owns 1,180,405 shares of the communications equipment provider’s stock worth $19,618,000 after buying an additional 136,418 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Knowles by 2.3% in the third quarter. Teachers Advisors LLC now owns 166,214 shares of the communications equipment provider’s stock worth $2,762,000 after buying an additional 3,662 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Knowles by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,186,408 shares of the communications equipment provider’s stock worth $152,678,000 after buying an additional 164,175 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Knowles by 26.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,100 shares of the communications equipment provider’s stock worth $228,000 after buying an additional 3,600 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Knowles by 6.3% in the fourth quarter. Arizona State Retirement System now owns 138,913 shares of the communications equipment provider’s stock worth $1,849,000 after buying an additional 8,211 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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Analyst Recommendations for Knowles (NYSE:KN)

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