Jeffrey Niew Sells 25,000 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) CEO Jeffrey Niew sold 25,000 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $25.50, for a total value of $637,500.00. Following the completion of the transaction, the chief executive officer directly owned 814,370 shares in the company, valued at $20,766,435. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Jeffrey Niew also recently made the following trade(s):

• On Thursday, January 15th, Jeffrey Niew sold 50,000 shares of Knowles stock. The shares were sold at an average price of $24.75, for a total transaction of $1,237,500.00.
• On Wednesday, December 10th, Jeffrey Niew sold 25,000 shares of Knowles stock. The shares were sold at an average price of $24.00, for a total value of $600,000.00.
• On Thursday, December 4th, Jeffrey Niew sold 25,000 shares of Knowles stock. The stock was sold at an average price of $23.50, for a total transaction of $587,500.00.

Knowles Stock Down 2.2%

Shares of KN traded down $0.57 during mid-day trading on Tuesday, hitting $24.58. 1,057,370 shares of the company’s stock were exchanged, compared to its average volume of 681,317. The company has a market cap of $2.09 billion, a PE ratio of 51.20 and a beta of 1.52. The company has a 50-day simple moving average of $23.13 and a 200 day simple moving average of $22.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.90 and a quick ratio of 1.19. Knowles Corporation has a 52 week low of $12.19 and a 52 week high of $25.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KN. Osaic Holdings Inc. grew its position in Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 895 shares in the last quarter. Torren Management LLC bought a new stake in shares of Knowles in the 4th quarter valued at approximately $43,000. NBC Securities Inc. purchased a new position in shares of Knowles in the 4th quarter worth approximately $52,000. Danske Bank A S boosted its holdings in shares of Knowles by 600.0% in the 4th quarter. Danske Bank A S now owns 3,500 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 3,000 shares during the period. Finally, State of Wyoming bought a new position in shares of Knowles during the 3rd quarter valued at approximately $105,000. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KN has been the subject of a number of research analyst reports. Susquehanna lifted their price target on Knowles from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Craig Hallum set a $28.00 price objective on shares of Knowles and gave the company a “buy” rating in a research note on Friday, October 24th. Zacks Research upgraded Knowles to a “hold” rating in a research report on Friday, December 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a report on Monday, December 29th. Finally, Robert W. Baird set a $30.00 target price on shares of Knowles in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.00.

Knowles Company Profile

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.