Knowles (NYSE:KN) PT Lowered to $19.00

Knowles (NYSE:KN) had its target price cut by Susquehanna from $20.00 to $19.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the communications equipment provider’s stock.

Other research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th.

Knowles Stock Up 2.4 %

Shares of NYSE KN opened at $18.09 on Friday. The business has a 50-day moving average of $17.59 and a two-hundred day moving average of $17.37. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.60 and a beta of 1.42. Knowles has a 1 year low of $12.78 and a 1 year high of $19.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.30.

Knowles (NYSE:KN) last posted its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.97 million. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%. The firm’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share.

Insider Buying and Selling at Knowles

In other news, Director Keith Barnes sold 6,725 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the transaction, the director now directly owns 86,192 shares in the company, valued at approximately $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Keith Barnes sold 6,725 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $17.88, for a total value of $120,243.00. Following the completion of the sale, the director now directly owns 86,192 shares of the company’s stock, valued at approximately $1,541,112.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the sale, the director now owns 48,933 shares of the company’s stock, valued at $846,051.57. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,748 shares of company stock worth $530,948. 2.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in shares of Knowles during the second quarter worth $30,000. Blue Trust Inc. lifted its stake in shares of Knowles by 114.6% in the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 1,069 shares during the period. Quarry LP purchased a new stake in shares of Knowles in the second quarter valued at about $39,000. GAMMA Investing LLC increased its stake in shares of Knowles by 37.6% during the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 668 shares during the period. Finally, Innealta Capital LLC purchased a new position in Knowles during the second quarter worth about $46,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).