Knowles (NYSE:KN) Downgraded by StockNews.com

StockNews.com cut shares of Knowles (NYSE:KN) from a buy rating to a hold rating in a research report released on Thursday.

Separately, Susquehanna upped their target price on Knowles from $15.00 to $20.00 and gave the stock a neutral rating in a report on Wednesday, July 17th.

Knowles Price Performance

KN opened at $17.66 on Thursday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.07 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. Knowles has a 12-month low of $12.78 and a 12-month high of $19.73. The business’s fifty day simple moving average is $17.50 and its 200-day simple moving average is $17.24.

Knowles (NYSE:KN) last released its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The business had revenue of $204.70 million during the quarter. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%.

Insiders Place Their Bets

In other news, Director Cheryl L. Shavers sold 12,579 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $17.29, for a total value of $217,490.91. Following the sale, the director now directly owns 48,933 shares in the company, valued at approximately $846,051.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO John S. Anderson sold 10,444 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares of the company’s stock, valued at $3,907,200. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $17.29, for a total value of $217,490.91. Following the completion of the sale, the director now owns 48,933 shares of the company’s stock, valued at approximately $846,051.57. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,748 shares of company stock worth $530,948. 2.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Knowles

Several hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in Knowles by 43.5% in the 1st quarter. Nordea Investment Management AB now owns 486,393 shares of the communications equipment provider’s stock worth $7,773,000 after acquiring an additional 147,372 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Knowles in the first quarter worth about $1,435,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Knowles by 9.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 746,389 shares of the communications equipment provider’s stock worth $12,017,000 after purchasing an additional 62,332 shares during the period. Jennison Associates LLC purchased a new stake in Knowles in the first quarter valued at approximately $1,228,000. Finally, Sei Investments Co. increased its holdings in Knowles by 9.2% in the 1st quarter. Sei Investments Co. now owns 529,859 shares of the communications equipment provider’s stock worth $8,531,000 after buying an additional 44,566 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Company 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).