Jeffrey Niew Sells 50,000 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) CEO Jeffrey Niew sold 50,000 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $24.75, for a total value of $1,237,500.00. Following the sale, the chief executive officer owned 839,370 shares of the company’s stock, valued at $20,774,407.50. This trade represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeffrey Niew also recently made the following trade(s):

• On Wednesday, December 10th, Jeffrey Niew sold 25,000 shares of Knowles stock. The shares were sold at an average price of $24.00, for a total transaction of $600,000.00.
• On Thursday, December 4th, Jeffrey Niew sold 25,000 shares of Knowles stock. The stock was sold at an average price of $23.50, for a total transaction of $587,500.00.
• On Monday, November 3rd, Jeffrey Niew sold 38,404 shares of Knowles stock. The stock was sold at an average price of $23.55, for a total transaction of $904,414.20.
• On Friday, October 31st, Jeffrey Niew sold 98,252 shares of Knowles stock. The shares were sold at an average price of $23.71, for a total transaction of $2,329,554.92.

Knowles Stock Down 2.2%

NYSE KN traded down $0.54 on Tuesday, hitting $24.05. The stock had a trading volume of 525,237 shares, compared to its average volume of 751,486. The business’s fifty day moving average price is $22.52 and its 200 day moving average price is $21.84. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 50.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.90 and a quick ratio of 1.19. Knowles Corporation has a 52-week low of $12.19 and a 52-week high of $25.24.

Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, October 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $149.08 million. Knowles had a return on equity of 8.98% and a net margin of 7.27%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. Knowles has set its Q4 2025 guidance at 0.330-0.370 EPS.

Analyst Ratings Changes

KN has been the topic of a number of research reports. Susquehanna increased their price objective on Knowles from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Zacks Research upgraded shares of Knowles to a “hold” rating in a report on Friday, December 19th. Robert W. Baird set a $30.00 price objective on shares of Knowles in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a report on Monday, December 29th. Finally, Craig Hallum set a $28.00 target price on shares of Knowles and gave the stock a “buy” rating in a report on Friday, October 24th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KN. Osaic Holdings Inc. increased its holdings in Knowles by 94.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 895 shares in the last quarter. State of Wyoming purchased a new stake in shares of Knowles during the third quarter worth about $105,000. GAMMA Investing LLC raised its position in shares of Knowles by 118.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,482 shares of the communications equipment provider’s stock worth $114,000 after purchasing an additional 3,520 shares during the last quarter. LSV Asset Management purchased a new position in Knowles in the 3rd quarter valued at about $182,000. Finally, Russell Investments Group Ltd. boosted its holdings in Knowles by 725.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,606 shares of the communications equipment provider’s stock worth $201,000 after buying an additional 7,563 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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.