A number of research firms have changed their ratings and price targets for Knowles (NYSE: KN):

  • 7/30/2019 – Knowles was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 7/27/2019 – Knowles was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. 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. “
  • 7/26/2019 – Knowles was given a new $22.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 7/25/2019 – Knowles was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $22.00 price target on the stock, up previously from $20.00.
  • 7/25/2019 – Knowles had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $23.00 price target on the stock, up previously from $22.00.
  • 6/28/2019 – Knowles was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/26/2019 – Knowles was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “

Shares of Knowles stock traded up $0.38 during trading on Tuesday, hitting $20.42. 1,696,800 shares of the company’s stock traded hands, compared to its average volume of 888,789. The company has a current ratio of 2.85, a quick ratio of 1.59 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $17.84. Knowles Corp has a twelve month low of $12.20 and a twelve month high of $20.66. The firm has a market cap of $1.82 billion, a P/E ratio of 25.53, a PEG ratio of 2.25 and a beta of 1.28.

Knowles (NYSE:KN) last issued its earnings results on Wednesday, July 24th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Knowles had a net margin of 7.88% and a return on equity of 6.27%. The business had revenue of $205.20 million for the quarter, compared to analyst estimates of $195.06 million. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, research analysts predict that Knowles Corp will post 0.89 EPS for the current year.

In related news, CFO John S. Anderson sold 7,500 shares of Knowles stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $18.11, for a total transaction of $135,825.00. Following the completion of the transaction, the chief financial officer now directly owns 84,312 shares of the company’s stock, valued at approximately $1,526,890.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Niew sold 20,000 shares of Knowles stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00. Following the transaction, the chief executive officer now directly owns 313,839 shares of the company’s stock, valued at $6,276,780. The disclosure for this sale can be found here. Insiders have sold a total of 45,500 shares of company stock valued at $896,065 over the last three months. 3.70% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in Knowles by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,224,664 shares of the communications equipment provider’s stock valued at $16,300,000 after purchasing an additional 44,259 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Knowles by 544.8% during the 4th quarter. Advisor Group Inc. now owns 14,862 shares of the communications equipment provider’s stock worth $198,000 after acquiring an additional 12,557 shares in the last quarter. United Services Automobile Association boosted its stake in shares of Knowles by 42.4% during the 4th quarter. United Services Automobile Association now owns 24,520 shares of the communications equipment provider’s stock worth $326,000 after acquiring an additional 7,297 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Knowles by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 923,917 shares of the communications equipment provider’s stock worth $12,297,000 after acquiring an additional 52,855 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Knowles by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 745,129 shares of the communications equipment provider’s stock worth $9,917,000 after acquiring an additional 4,720 shares in the last quarter.

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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