Edgestream Partners L.P. Has $7.06 Million Stock Position in Knowles Corporation $KN

Edgestream Partners L.P. increased its position in shares of Knowles Corporation (NYSE:KN) by 169.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 274,840 shares of the communications equipment provider’s stock after buying an additional 172,819 shares during the quarter. Edgestream Partners L.P.’s holdings in Knowles were worth $7,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KN. Millstone Evans Group LLC lifted its position in Knowles by 212.9% during the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after acquiring an additional 662 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Knowles by 94.5% during the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 895 shares during the period. McMillan Office Inc. acquired a new stake in shares of Knowles in the fourth quarter valued at about $39,000. Torren Management LLC acquired a new stake in shares of Knowles in the fourth quarter valued at about $43,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Knowles in the first quarter worth about $51,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KN shares. Robert W. Baird set a $44.00 price objective on Knowles in a research report on Friday, July 24th. Zacks Research raised Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Knowles in a report on Friday, May 22nd. Craig Hallum reissued a “buy” rating and issued a $38.00 price objective on shares of Knowles in a research report on Friday, April 24th. Finally, Susquehanna raised their price objective on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. One 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.67.

Knowles Stock Up 4.4%

Shares of KN opened at $36.09 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20. The company has a 50-day simple moving average of $38.10 and a 200-day simple moving average of $31.38. Knowles Corporation has a 52 week low of $19.29 and a 52 week high of $42.93. The firm has a market capitalization of $3.08 billion, a P/E ratio of 46.87 and a beta of 1.59.

Knowles (NYSE:KN) last released its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, topping 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 business had revenue of $166.80 million for the quarter, compared to the consensus estimate of $156.97 million. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, equities research analysts expect that Knowles Corporation will post 1.02 earnings per share for the current year.

Insider Transactions at Knowles

In other news, SVP Raymond D. Cabrera sold 6,178 shares of Knowles stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the sale, the senior vice president owned 127,945 shares of the company’s stock, valued at approximately $4,641,844.60. This trade represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Niew sold 142,857 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $33.25, for a total value of $4,749,995.25. Following the sale, the chief executive officer owned 883,719 shares in the company, valued at approximately $29,383,656.75. This represents a 13.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 169,236 shares of company stock valued at $5,728,034. 2.24% of the stock is owned by corporate insiders.

Knowles 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.