Sei Investments Co. Increases Stock Position in Knowles Corporation $KN

Sei Investments Co. increased its position in Knowles Corporation (NYSE:KN) by 34.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 639,468 shares of the communications equipment provider’s stock after buying an additional 162,092 shares during the period. Sei Investments Co.’s holdings in Knowles were worth $16,422,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of Knowles by 365.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock worth $32,502,000 after purchasing an additional 1,094,715 shares during the period. Franklin Resources Inc. lifted its position in Knowles by 10.5% during the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock valued at $119,072,000 after buying an additional 484,500 shares in the last quarter. Raymond James Financial Inc. grew its stake in Knowles by 52.8% during the third quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock worth $31,723,000 after buying an additional 470,100 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Knowles in the fourth quarter worth $6,555,000. Finally, Aberdeen Group plc raised its stake in shares of Knowles by 72.9% in the 4th quarter. Aberdeen Group plc now owns 634,355 shares of the communications equipment provider’s stock valued at $13,594,000 after acquiring an additional 267,400 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Knowles Stock Performance

Knowles stock opened at $34.52 on Thursday. Knowles Corporation has a 12-month low of $19.29 and a 12-month high of $42.93. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 44.84 and a beta of 1.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.20 and a quick ratio of 1.75. The firm’s fifty day moving average price is $38.08 and its 200 day moving average price is $31.29.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The firm had revenue of $166.80 million during the quarter, compared to the consensus estimate of $156.97 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. Knowles’s revenue for the quarter was up 14.3% on a year-over-year basis. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, research analysts forecast that Knowles Corporation will post 1.02 EPS for the current fiscal year.

Insider Transactions at Knowles

In related news, SVP Raymond D. Cabrera sold 6,178 shares of Knowles stock in a transaction on Monday, July 27th. The shares were sold at an average price of $36.28, for a total value of $224,137.84. Following the completion of the sale, the senior vice president owned 127,945 shares in the company, valued at approximately $4,641,844.60. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Daniel J. Giesecke sold 20,201 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total transaction of $753,901.32. Following the completion of the sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 169,236 shares of company stock valued at $5,728,034. 2.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KN has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a research report on Friday, May 22nd. Craig Hallum restated a “buy” rating and set a $38.00 price objective on shares of Knowles in a research note on Friday, April 24th. Susquehanna upped their target price on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Robert W. Baird set a $44.00 target price on Knowles in a report on Friday, July 24th. Finally, Zacks Research lowered Knowles from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.67.

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.