Knowles (NYSE:KN) CEO Jeffrey Niew Sells 25,000 Shares

Knowles Corporation (NYSE:KN) CEO Jeffrey Niew sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $25.50, for a total transaction of $637,500.00. Following the sale, the chief executive officer owned 814,370 shares of the company’s stock, valued at approximately $20,766,435. The trade was a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 15th, Jeffrey Niew sold 50,000 shares of Knowles stock. The shares were sold at an average price of $24.75, for a total value of $1,237,500.00.
• 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 value 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 value of $587,500.00.

Knowles Trading Down 2.2%

NYSE:KN opened at $24.58 on Wednesday. Knowles Corporation has a 12-month low of $12.19 and a 12-month high of $25.57. The firm has a market capitalization of $2.09 billion, a P/E ratio of 51.20 and a beta of 1.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.90 and a quick ratio of 1.19. The business has a 50 day simple moving average of $23.13 and a 200 day simple moving average of $22.34.

Hedge Funds Weigh In On Knowles

Several hedge funds have recently modified their holdings of KN. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Knowles during the 2nd quarter worth $278,000. Johnson Investment Counsel Inc. lifted its holdings in shares of Knowles by 39.7% during the second quarter. Johnson Investment Counsel Inc. now owns 71,984 shares of the communications equipment provider’s stock valued at $1,268,000 after purchasing an additional 20,441 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Knowles by 71.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,553 shares of the communications equipment provider’s stock valued at $450,000 after purchasing an additional 10,672 shares during the period. American Century Companies Inc. increased its stake in Knowles by 161.4% in the 2nd quarter. American Century Companies Inc. now owns 489,101 shares of the communications equipment provider’s stock worth $8,618,000 after purchasing an additional 302,008 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Knowles by 10.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 45,047 shares of the communications equipment provider’s stock worth $794,000 after buying an additional 4,427 shares during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Knowles in a research report on Monday, December 29th. Craig Hallum set a $28.00 price target on shares of Knowles and gave the company a “buy” rating in a research note on Friday, October 24th. Robert W. Baird set a $30.00 price target on Knowles in a report on Friday, October 24th. Zacks Research raised Knowles to a “hold” rating in a report on Friday, December 19th. Finally, Susquehanna raised their target price on Knowles from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.00.

Knowles Company 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.