Insight Wealth Strategies LLC Makes New $5.82 Million Investment in Knowles Corporation $KN

Insight Wealth Strategies LLC purchased a new position in shares of Knowles Corporation (NYSE:KN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 143,628 shares of the communications equipment provider’s stock, valued at approximately $5,818,000. Insight Wealth Strategies LLC owned approximately 0.17% of Knowles as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. increased its position in shares of Knowles by 10.5% during the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock worth $119,072,000 after acquiring an additional 484,500 shares during the period. Goldman Sachs Group Inc. grew its stake in Knowles by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,806,916 shares of the communications equipment provider’s stock worth $60,152,000 after purchasing an additional 205,573 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Knowles by 365.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock worth $32,502,000 after purchasing an additional 1,094,715 shares during the period. Raymond James Financial Inc. raised its position in Knowles by 52.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock valued at $31,723,000 after purchasing an additional 470,100 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Knowles by 7.5% in the 3rd quarter. Bank of America Corp DE now owns 825,344 shares of the communications equipment provider’s stock valued at $19,239,000 after buying an additional 57,899 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

KN has been the topic of several analyst reports. Weiss Ratings raised shares of Knowles from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Craig Hallum reissued a “buy” rating and issued a $38.00 price objective on shares of Knowles in a research report on Friday, April 24th. Susquehanna raised their price objective on shares of Knowles from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Robert W. Baird set a $44.00 price objective on shares of Knowles in a report on Friday, July 24th. Finally, Wall Street Zen cut shares of Knowles from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.67.

Insider Buying and Selling

In other news, COO Daniel J. Giesecke sold 20,201 shares of Knowles stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total value of $753,901.32. Following the transaction, the chief operating officer directly owned 175,855 shares of the company’s stock, valued at $6,562,908.60. The trade was a 10.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the sale, the senior vice president owned 127,945 shares of the company’s stock, valued at approximately $4,641,844.60. This represents a 4.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.24% of the stock is currently owned by insiders.

Knowles Price Performance

Shares of NYSE KN opened at $38.56 on Wednesday. The stock’s 50-day simple moving average is $38.26 and its 200-day simple moving average is $32.20. The firm has a market capitalization of $3.29 billion, a PE ratio of 50.08 and a beta of 1.60. Knowles Corporation has a fifty-two week low of $19.84 and a fifty-two week high of $42.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20.

Knowles (NYSE:KN) last announced its quarterly earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The firm had revenue of $166.80 million during the quarter, compared to the consensus estimate of $156.97 million. During the same period in the prior year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, equities research analysts forecast that Knowles Corporation will post 1.02 EPS for the current fiscal year.

Knowles 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.