Thrivent Financial for Lutherans Lowers Stock Holdings in Knowles Corporation $KN

Thrivent Financial for Lutherans trimmed its stake in Knowles Corporation (NYSE:KN) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,170 shares of the communications equipment provider’s stock after selling 47,627 shares during the period. Thrivent Financial for Lutherans’ holdings in Knowles were worth $3,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in KN. Osaic Holdings Inc. boosted its position in Knowles by 94.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 895 shares during the period. Torren Management LLC purchased a new stake in shares of Knowles in the 4th quarter worth approximately $43,000. NBC Securities Inc. purchased a new stake in shares of Knowles in the 4th quarter worth approximately $52,000. Danske Bank A S lifted its position in shares of Knowles by 600.0% in the 4th quarter. Danske Bank A S now owns 3,500 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 3,000 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Knowles in the 3rd quarter worth approximately $105,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Knowles Price Performance

Shares of KN opened at $36.66 on Friday. The company has a 50 day moving average price of $29.61 and a 200-day moving average price of $25.92. Knowles Corporation has a fifty-two week low of $16.09 and a fifty-two week high of $37.08. The stock has a market capitalization of $3.14 billion, a PE ratio of 57.28 and a beta of 1.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Craig Hallum reaffirmed a “buy” rating and issued a $38.00 price target on shares of Knowles in a research report on Friday, April 24th. Finally, Robert W. Baird upped their price target on shares of Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.33.

Insider Buying and Selling

In related news, SVP Robert J. Perna sold 9,221 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $27.88, for a total transaction of $257,081.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Air A. Jr. Bastarrica sold 3,623 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 169,500 shares of company stock worth $5,520,894 in the last 90 days. 2.24% of the stock is owned by corporate 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.