Knowles (NYSE:KN) Cut to “Hold” at Zacks Research

Knowles (NYSE:KN) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Several other equities research analysts have also recently issued reports on KN. Robert W. Baird set a $44.00 price objective on shares of Knowles in a research report on Friday, July 24th. Weiss Ratings cut shares of Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Wall Street Zen downgraded shares of Knowles from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Susquehanna raised their price target on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.67.

Knowles Trading Down 0.4%

Shares of Knowles stock opened at $36.75 on Tuesday. The firm has a market capitalization of $3.14 billion, a PE ratio of 47.72 and a beta of 1.59. Knowles has a twelve month low of $20.57 and a twelve month high of $42.93. The firm’s 50-day moving average price is $36.22 and its 200 day moving average price is $34.22. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16.

Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The company had revenue of $166.80 million during the quarter, compared to analyst estimates of $156.97 million. During the same period in the previous year, the business earned $0.24 EPS. Knowles’s quarterly revenue 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, sell-side analysts predict that Knowles will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Knowles news, Director Cheryl L. Shavers sold 6,618 shares of Knowles stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $259,888.86. Following the completion of the transaction, the director owned 35,723 shares in the company, valued at approximately $1,402,842.21. The trade was a 15.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the firm’s 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 transaction, the senior vice president directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.24% of the company’s stock.

Institutional Trading of Knowles

Large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Knowles during the second quarter worth about $571,614,000. Andar Capital Management HK Ltd acquired a new stake in shares of Knowles during the 2nd quarter worth $117,000,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Knowles in the 2nd quarter worth about $102,398,000. Arrowstreet Capital Limited Partnership raised its holdings in Knowles by 3.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 809,015 shares of the communications equipment provider’s stock valued at $20,776,000 after buying an additional 25,778 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Knowles in the 2nd quarter valued at $30,158,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

About Knowles

Knowles Corporation (NYSE: KN) is a global supplier of advanced audio, electronic and specialty component technologies. The company develops products that enable sound capture, processing and delivery in applications ranging from consumer electronics and communications equipment to medical devices and industrial systems.

Knowles’ product portfolio includes microelectromechanical systems (MEMS) microphones, audio processors, speakers and related acoustic components. It also provides capacitors, resistors and other specialty electronic components, as well as precision devices used in medical, defense, aerospace and other demanding applications.

With operations and customers across North America, Europe, Asia and other international markets, Knowles serves manufacturers in the consumer electronics, mobile communications, hearing health, automotive, industrial and aerospace and defense sectors.