Knowles Corp (NYSE:KN) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other brokerages have also recently commented on KN. Dougherty & Co initiated coverage on shares of Knowles Corp in a research note on Thursday, June 8th. They set a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research cut shares of Knowles Corp from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.86.

Analyst Recommendations for Knowles Corp (NYSE:KN)

Knowles Corp (KN) traded down 0.95% during trading on Wednesday, hitting $17.64. 478,998 shares of the company’s stock were exchanged. Knowles Corp has a 52-week low of $12.57 and a 52-week high of $19.90. The company’s market cap is $1.57 billion. The firm has a 50 day moving average price of $17.86 and a 200 day moving average price of $17.94.

Knowles Corp (NYSE:KN) last released its earnings results on Wednesday, April 26th. The communications equipment provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.03. The company had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $190 million. Knowles Corp had a negative return on equity of 1.85% and a negative net margin of 2.43%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. On average, equities research analysts predict that Knowles Corp will post $1.00 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Knowles Corp by 16,850.3% in the first quarter. BlackRock Inc. now owns 9,107,540 shares of the communications equipment provider’s stock valued at $172,588,000 after buying an additional 9,053,809 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Knowles Corp by 4.3% in the first quarter. Vanguard Group Inc. now owns 7,326,833 shares of the communications equipment provider’s stock valued at $138,844,000 after buying an additional 300,512 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Knowles Corp by 32.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,837,084 shares of the communications equipment provider’s stock valued at $53,763,000 after buying an additional 696,122 shares during the last quarter. State Street Corp boosted its stake in shares of Knowles Corp by 1.5% in the first quarter. State Street Corp now owns 2,760,302 shares of the communications equipment provider’s stock valued at $52,307,000 after buying an additional 39,791 shares during the last quarter. Finally, Rothschild Asset Management Inc. boosted its stake in shares of Knowles Corp by 29.3% in the first quarter. Rothschild Asset Management Inc. now owns 1,656,300 shares of the communications equipment provider’s stock valued at $31,387,000 after buying an additional 375,613 shares during the last quarter.

Knowles Corp Company Profile

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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