Knowles Corporation (NYSE:KN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Knowles Corporation operates as a supplier of advanced micro-acoustic, specialty components, and human interface solutions. The Company designs and manufactures acoustic products, including microphones, speakers, and receivers for the handset, tablet, and other consumer electronic markets. It also designs and manufactures electronic components used in medical and life science applications and solutions and components used in communications infrastructure and various other markets. Knowles Corporation is headquartered in Itasca, Illinois. “

Several other equities analysts have also recently commented on the company. Robert W. Baird reiterated a “buy” rating and set a $20.00 target price on shares of Knowles Corporation in a research note on Friday, October 27th. BidaskClub upgraded Knowles Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Knowles Corporation has a consensus rating of “Hold” and an average target price of $18.75.

Knowles Corporation (NYSE:KN) last released its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The company had revenue of $221.70 million during the quarter, compared to analysts’ expectations of $220.62 million. Knowles Corporation had a return on equity of 6.13% and a net margin of 0.25%. The business’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS.

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In other Knowles Corporation news, insider Michael S. Polacek bought 3,246 shares of Knowles Corporation stock in a transaction dated Friday, August 4th. The stock was bought at an average cost of $15.40 per share, for a total transaction of $49,988.40. Following the purchase, the insider now owns 42,866 shares in the company, valued at approximately $660,136.40. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC lifted its stake in Knowles Corporation by 17.9% during the second quarter. LS Investment Advisors LLC now owns 6,953 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 1,056 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Knowles Corporation by 88.1% during the second quarter. Riverhead Capital Management LLC now owns 6,959 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 3,259 shares during the last quarter. ING Groep NV bought a new position in Knowles Corporation during the second quarter worth $184,000. Raymond James Trust N.A. lifted its stake in Knowles Corporation by 9.4% during the second quarter. Raymond James Trust N.A. now owns 11,017 shares of the communications equipment provider’s stock worth $187,000 after purchasing an additional 948 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Knowles Corporation in the second quarter worth $203,000.

Knowles Corporation 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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