Daniel Giesecke Sells 20,201 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) COO Daniel Giesecke sold 20,201 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total value of $753,901.32. Following the completion of the sale, the chief operating officer owned 175,855 shares of the company’s stock, valued at $6,562,908.60. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Trading Down 1.4%

Shares of Knowles stock opened at $37.44 on Friday. The company has a market capitalization of $3.20 billion, a P/E ratio of 58.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27. The company has a fifty day moving average of $30.89 and a 200 day moving average of $26.43. Knowles Corporation has a fifty-two week low of $16.11 and a fifty-two week high of $38.56.

Knowles (NYSE:KN) last issued its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $153.10 million during the quarter, compared to the consensus estimate of $147.40 million. Knowles had a net margin of 9.10% and a return on equity of 10.66%. Knowles’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, sell-side analysts anticipate that Knowles Corporation will post 0.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KN. Royal Bank of Canada boosted its holdings in shares of Knowles by 27.0% during the 1st quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock valued at $1,064,000 after purchasing an additional 14,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Knowles by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider’s stock valued at $786,000 after acquiring an additional 2,245 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Knowles by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,557 shares of the communications equipment provider’s stock valued at $3,626,000 after acquiring an additional 15,827 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Knowles in the 1st quarter valued at about $3,335,000. Finally, Norges Bank bought a new position in shares of Knowles in the 2nd quarter valued at about $1,255,000. Institutional investors own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a report on Friday, May 22nd. Robert W. Baird increased their price objective on shares of Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Craig Hallum reissued a “buy” rating and set a $38.00 price objective on shares of Knowles in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

About Knowles

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.