Shares of Knowles Corp (NYSE:KN) have been assigned an average rating of “Hold” from the seven brokerages that are covering the company. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.40.
Separately, Zacks Investment Research raised shares of Knowles Corp from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Saturday, February 11th.
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Shares of Knowles Corp (NYSE:KN) traded up 1.90% during trading on Friday, reaching $17.69. 201,128 shares of the company’s stock traded hands. The company’s market cap is $1.58 billion. Knowles Corp has a 52-week low of $12.57 and a 52-week high of $19.90. The company’s 50-day moving average is $18.40 and its 200 day moving average is $17.62.
Knowles Corp (NYSE:KN) last posted its quarterly earnings results on Wednesday, April 26th. The communications equipment provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by $0.03. The business had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $190 million. Knowles Corp had a positive return on equity of 6.44% and a negative net margin of 4.92%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. Equities analysts forecast that Knowles Corp will post $1.00 EPS for the current year.
In other news, CEO Jeffrey Niew sold 11,727 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $19.33, for a total transaction of $226,682.91. Following the sale, the chief executive officer now owns 306,371 shares in the company, valued at approximately $5,922,151.43. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas G. Jackson sold 5,756 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $18.34, for a total transaction of $105,565.04. Following the sale, the vice president now owns 36,768 shares in the company, valued at approximately $674,325.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,084 shares of company stock worth $919,942. Company insiders own 1.49% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of Knowles Corp by 94.8% in the first quarter. Acrospire Investment Management LLC now owns 5,301 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 2,580 shares during the last quarter. Glassman Wealth Services boosted its position in shares of Knowles Corp by 5,271.6% in the fourth quarter. Glassman Wealth Services now owns 10,206 shares of the communications equipment provider’s stock worth $171,000 after buying an additional 10,016 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Knowles Corp by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 562 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Knowles Corp by 31.5% in the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock worth $182,000 after buying an additional 2,300 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Knowles Corp during the fourth quarter worth about $187,000.
About Knowles Corp
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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