Allspring Global Investments Holdings LLC Decreases Stock Position in Knowles Corporation $KN

Allspring Global Investments Holdings LLC lessened its stake in Knowles Corporation (NYSE:KN) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,151,671 shares of the communications equipment provider’s stock after selling 25,623 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Knowles were worth $30,197,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KN. Ameriprise Financial Inc. grew its position 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 acquiring an additional 1,094,715 shares during the last quarter. Franklin Resources Inc. lifted its position in Knowles by 10.5% in the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock valued at $119,072,000 after purchasing an additional 484,500 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Knowles by 52.8% during the third 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 during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Knowles during the fourth quarter valued at approximately $6,555,000. Finally, Aberdeen Group plc grew its holdings in shares of Knowles by 72.9% in the fourth quarter. Aberdeen Group plc now owns 634,355 shares of the communications equipment provider’s stock worth $13,594,000 after purchasing an additional 267,400 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KN has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a research note on Friday, May 22nd. Robert W. Baird increased their target price on shares of Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Zacks Research cut Knowles from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Craig Hallum restated a “buy” rating and set a $38.00 price target on shares of Knowles in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Knowles currently has an average rating of “Hold” and a consensus target price of $33.33.

Knowles Price Performance

Shares of NYSE KN opened at $35.21 on Monday. Knowles Corporation has a 1 year low of $17.67 and a 1 year high of $42.93. The stock has a market capitalization of $3.01 billion, a P/E ratio of 55.01 and a beta of 1.59. The company’s 50-day moving average is $37.86 and its 200 day moving average is $30.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.27 and a quick ratio of 1.77.

Knowles (NYSE:KN) last issued its quarterly earnings data on Thursday, April 23rd. The communications equipment provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $153.10 million during the quarter, compared to analyst estimates 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 period last year, the business posted $0.18 earnings per share. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, sell-side analysts expect that Knowles Corporation will post 0.94 earnings per share for the current year.

Insider Activity

In related news, COO Daniel J. Giesecke sold 20,201 shares of Knowles stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total transaction of $753,901.32. Following the sale, the chief operating officer directly owned 175,855 shares in the company, valued at $6,562,908.60. The trade was a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Air A. Jr. Bastarrica sold 3,623 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $30.91, for a total value of $111,986.93. Following the completion of the sale, the vice president directly owned 47,569 shares in the company, valued at approximately $1,470,357.79. The trade was a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 173,058 shares of company stock worth $5,809,156 in the last quarter. 2.24% of the stock is owned by company insiders.

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.