SG Americas Securities LLC Sells 16,934 Shares of Knowles Corporation $KN

SG Americas Securities LLC lessened its stake in shares of Knowles Corporation (NYSE:KN) by 42.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,636 shares of the communications equipment provider’s stock after selling 16,934 shares during the quarter. SG Americas Securities LLC’s holdings in Knowles were worth $581,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in Knowles by 27.0% in the first quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock worth $1,064,000 after purchasing an additional 14,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Knowles by 4.5% during 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 buying an additional 2,245 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Knowles by 7.1% during 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 buying an additional 15,827 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Knowles in the 1st quarter worth $3,335,000. Finally, Norges Bank purchased a new position in shares of Knowles in the 2nd quarter worth $1,255,000. 96.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research cut Knowles from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a research report on Friday, May 22nd. Robert W. Baird upped their price target on shares of Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Craig Hallum reiterated a “buy” rating and issued a $38.00 price objective on shares of Knowles in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Knowles has a consensus rating of “Hold” and a consensus price target of $33.33.

Knowles Price Performance

Shares of Knowles stock opened at $34.55 on Wednesday. The stock has a market cap of $2.96 billion, a P/E ratio of 53.99 and a beta of 1.59. 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 stock’s fifty day moving average is $37.27 and its 200 day moving average is $29.67. Knowles Corporation has a one year low of $17.34 and a one year high of $42.93.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (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 business had revenue of $153.10 million during the quarter, compared to analyst estimates of $147.40 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Knowles’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. Sell-side analysts anticipate that Knowles Corporation will post 0.94 earnings per share for the current year.

Insider Activity at Knowles

In other Knowles news, COO Daniel J. Giesecke sold 20,201 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total value of $753,901.32. Following the completion of the transaction, the chief operating officer directly owned 175,855 shares in the company, valued at $6,562,908.60. This represents 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 stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $30.91, for a total transaction of $111,986.93. Following the completion of the sale, the vice president directly owned 47,569 shares of the company’s stock, valued at approximately $1,470,357.79. This trade represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 173,058 shares of company stock worth $5,809,156. 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.