Knowles (NYSE:KN) Hits New 1-Year High – Here’s Why

Knowles Corporation (NYSE:KN)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $36.41 and last traded at $36.3490, with a volume of 1722198 shares changing hands. The stock had previously closed at $35.28.

Wall Street Analyst Weigh In

KN has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective 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. Zacks Research upgraded shares of Knowles from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Craig Hallum reiterated a “buy” rating and set a $38.00 price objective on shares of Knowles in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.33.

Knowles Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.27 and a quick ratio of 1.77. The company’s 50-day moving average price is $27.92 and its two-hundred day moving average price is $25.19. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 56.80 and a beta of 1.56.

Knowles (NYSE:KN) last posted its quarterly earnings data 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. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The company had revenue of $153.10 million during the quarter, compared to analysts’ expectations of $147.40 million. During the same period in the prior year, the company posted $0.18 earnings per share. Knowles’s revenue for the quarter was up 15.8% compared to the same quarter last year. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, equities research analysts anticipate that Knowles Corporation will post 0.94 EPS for the current fiscal year.

Insider Activity at Knowles

In related news, SVP Robert J. Perna sold 9,221 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $27.88, for a total transaction of $257,081.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey Niew sold 142,857 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total transaction of $4,749,995.25. Following the transaction, the chief executive officer directly 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. Insiders sold 210,548 shares of company stock valued at $6,635,758 in the last ninety days. Insiders own 2.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Millstone Evans Group LLC lifted its stake in shares of Knowles by 212.9% in the first quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock valued at $25,000 after buying an additional 662 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Knowles by 94.5% in the second 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 in the last quarter. McMillan Office Inc. bought a new position in shares of Knowles in the fourth quarter valued at $39,000. Torren Management LLC bought a new position in shares of Knowles in the fourth quarter valued at $43,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Knowles in the first quarter valued at $51,000. 96.35% of the stock is owned by institutional investors.

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.