Cheryl Shavers Sells 6,618 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) Director Cheryl Shavers sold 6,618 shares of Knowles stock in a transaction on Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $259,888.86. Following the sale, the director directly owned 35,723 shares in the company, valued at approximately $1,402,842.21. This trade represents a 15.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Stock Performance

NYSE:KN opened at $34.87 on Thursday. The company has a market cap of $2.98 billion, a P/E ratio of 45.29 and a beta of 1.60. Knowles Corporation has a twelve month low of $20.10 and a twelve month high of $42.93. The company’s 50-day moving average price is $38.19 and its 200-day moving average price is $32.76. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16.

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

Hedge Funds Weigh In On Knowles

A number of hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC lifted its stake in Knowles by 212.9% during the first quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 662 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 895 shares in the last quarter. McMillan Office Inc. acquired a new stake in shares of Knowles in the fourth quarter valued at $39,000. Torren Management LLC purchased a new stake in shares of Knowles in the 4th quarter valued at $43,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Knowles by 35.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock valued at $48,000 after buying an additional 304 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KN shares. Craig Hallum reissued a “buy” rating and set a $38.00 price target on shares of Knowles in a research report on Friday, April 24th. Zacks Research upgraded shares of Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Susquehanna lifted their target price on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Knowles from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 14th. Finally, Robert W. Baird set a $44.00 price target on shares of Knowles in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $40.67.

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.