Knowles Corporation (NYSE:KN) Director Didier Hirsch bought 2,000 shares of Knowles stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $13.40 per share, with a total value of $26,800.00. Following the completion of the acquisition, the director now directly owns 40,821 shares of the company’s stock, valued at approximately $547,001.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Knowles Corporation (KN) opened at $13.62 on Wednesday. Knowles Corporation has a 52 week low of $13.10 and a 52 week high of $19.90. The firm has a market capitalization of $1,228.72, a PE ratio of 19.34, a PEG ratio of 1.82 and a beta of 0.78. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The business had revenue of $215.50 million for the quarter, compared to analyst estimates of $221.96 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. research analysts forecast that Knowles Corporation will post 0.75 EPS for the current fiscal year.

A number of equities analysts have commented on KN shares. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, October 24th. Robert W. Baird reiterated a “buy” rating and issued a $20.00 target price on shares of Knowles in a report on Friday, October 27th. Lake Street Capital restated a “buy” rating and set a $20.00 price target on shares of Knowles in a research note on Monday, November 20th. Piper Jaffray Companies assumed coverage on Knowles in a research note on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price target on the stock. Finally, Craig Hallum restated a “buy” rating and set a $17.00 price target (down previously from $20.00) on shares of Knowles in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Knowles has an average rating of “Hold” and a consensus target price of $18.08.

Hedge funds have recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Knowles by 222.6% during the fourth quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after acquiring an additional 5,618 shares during the last quarter. Capital Management Associates NY purchased a new stake in Knowles in the third quarter valued at approximately $153,000. Crossmark Global Holdings Inc. purchased a new stake in Knowles in the fourth quarter valued at approximately $170,000. Amalgamated Bank boosted its position in Knowles by 0.9% in the second quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock valued at $212,000 after buying an additional 117 shares during the last quarter. Finally, Investors Research Corp purchased a new stake in Knowles in the fourth quarter valued at approximately $216,000.

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About Knowles

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).

Insider Buying and Selling by Quarter for Knowles (NYSE:KN)

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