Knowles Corp. (NYSE:KN)’s share price dropped 6.7% during trading on Tuesday . The stock traded as low as $12.76 and last traded at $12.77, with a volume of 239,541 shares traded. The stock had previously closed at $13.68.

KN has been the subject of several research reports. Lake Street Capital boosted their price target on shares of Knowles Corp. from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 26th. Zacks Investment Research upgraded shares of Knowles Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Thursday, April 28th. Benchmark Co. assumed coverage on shares of Knowles Corp. in a research note on Wednesday, June 29th. They set a “hold” rating and a $15.00 target price for the company. Robert W. Baird reiterated a “neutral” rating and set a $15.00 target price (up previously from $11.00) on shares of Knowles Corp. in a research note on Tuesday, April 26th. Finally, Topeka Capital Markets boosted their target price on shares of Knowles Corp. from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Knowles Corp. presently has an average rating of “Hold” and an average target price of $17.78.

The company’s market capitalization is $1.20 billion. The stock’s 50-day moving average is $14.35 and its 200-day moving average is $13.09.

Knowles Corp. (NYSE:KN) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. During the same period in the prior year, the business earned $0.06 EPS. The company had revenue of $185.30 million for the quarter, compared to analysts’ expectations of $180.32 million. The business’s revenue for the quarter was down .7% on a year-over-year basis. Analysts forecast that Knowles Corp. will post $0.87 EPS for the current fiscal year.

A number of institutional investors recently bought and sold shares of KN. Comerica Bank increased its position in Knowles Corp. by 4.0% in the fourth quarter. Comerica Bank now owns 81,641 shares of the company’s stock worth $1,034,000 after buying an additional 3,106 shares in the last quarter. Retirement Systems of Alabama increased its position in Knowles Corp. by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 113,640 shares of the company’s stock worth $1,515,000 after buying an additional 1,577 shares in the last quarter. Tributary Capital Management LLC bought a new position in Knowles Corp. during the fourth quarter worth $1,612,000. Morgan Stanley increased its position in Knowles Corp. by 193.8% in the fourth quarter. Morgan Stanley now owns 153,238 shares of the company’s stock worth $2,043,000 after buying an additional 101,078 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Knowles Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 161,780 shares of the company’s stock worth $2,157,000 after buying an additional 2,594 shares in the last quarter.

Knowles Corporation (Knowles) is a supplier of micro-acoustic solutions and specialty components serving the mobile communications, consumer electronics, medical technology, military, aerospace and industrial markets. The Company operates micro-electro-mechanical systems (MEMS) microphones, speakers and receivers which are used in smartphones, tablets and mobile handsets.

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