AlphaQuest LLC Buys 103,406 Shares of Knowles Corporation $KN

AlphaQuest LLC increased its stake in shares of Knowles Corporation (NYSE:KN) by 427.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 127,605 shares of the communications equipment provider’s stock after acquiring an additional 103,406 shares during the period. AlphaQuest LLC’s holdings in Knowles were worth $2,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Knowles by 24.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock worth $72,000 after acquiring an additional 652 shares in the last quarter. ProShare Advisors LLC raised its holdings in Knowles by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock worth $356,000 after acquiring an additional 504 shares in the last quarter. Madison Asset Management LLC raised its holdings in Knowles by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 219,777 shares of the communications equipment provider’s stock worth $4,710,000 after acquiring an additional 1,400 shares in the last quarter. Horizon Investments LLC bought a new stake in Knowles during the fourth quarter worth about $591,000. Finally, Danske Bank A S raised its holdings in Knowles by 600.0% during the fourth quarter. Danske Bank A S now owns 3,500 shares of the communications equipment provider’s stock worth $75,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Knowles Price Performance

NYSE:KN opened at $38.25 on Wednesday. Knowles Corporation has a 12-month low of $16.11 and a 12-month high of $38.40. The stock’s 50 day moving average price is $30.11 and its two-hundred day moving average price is $26.14. The company has a quick ratio of 1.77, a current ratio of 3.27 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 59.77 and a beta of 1.56.

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

Insider Activity

In related news, CEO Jeffrey Niew sold 142,857 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total transaction of $4,749,995.25. Following the sale, the chief executive officer owned 883,719 shares of the company’s stock, valued at $29,383,656.75. This represents a 13.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Air A. Jr. Bastarrica sold 3,623 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 47,569 shares in the company, valued at $1,470,357.79. This represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 162,078 shares of company stock valued at $5,312,336. 2.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KN. Robert W. Baird upped their price objective on Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Craig Hallum restated a “buy” rating and issued a $38.00 price objective on shares of Knowles in a research note on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Knowles 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.