Knowles Corp. (KN) Shares Up 2.1%
Knowles Corp. (NYSE:KN) shares shot up 2.1% during mid-day trading on Friday . The stock traded as high as $14.38 and last traded at $14.16, with a volume of 353,984 shares changing hands. The stock had previously closed at $13.87.
Several brokerages recently issued reports on KN. Lake Street Capital lifted their target price on Knowles Corp. from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, April 26th. Zacks Investment Research raised Knowles Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, April 28th. Robert W. Baird reaffirmed a “neutral” rating and set a $15.00 target price (up previously from $11.00) on shares of Knowles Corp. in a research report on Tuesday, April 26th. Benchmark Co. began coverage on Knowles Corp. in a research report on Wednesday, June 29th. They set a “hold” rating and a $15.00 target price on the stock. Finally, Topeka Capital Markets lifted their target price on Knowles Corp. from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Knowles Corp. currently has an average rating of “Buy” and a consensus price target of $17.78.
The stock’s market cap is $1.25 billion. The stock’s 50 day moving average is $14.29 and its 200 day moving average is $13.45.
Knowles Corp. (NYSE:KN) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. During the same quarter in the prior year, the business posted $0.08 EPS. The company earned $190.30 million during the quarter, compared to analysts’ expectations of $189.88 million. The company’s revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that Knowles Corp. will post $0.85 EPS for the current year.
In other Knowles Corp. news, VP Thomas G. Jackson sold 3,764 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $13.42, for a total transaction of $50,512.88. Following the completion of the transaction, the vice president now owns 32,059 shares in the company, valued at $430,231.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently raised its stake in Knowles Corp. stock. Royce & Associates LLC raised its stake in shares of Knowles Corp. (NYSE:KN) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,000 shares of the company’s stock after buying an additional 22,000 shares during the period. Royce & Associates LLC owned about 0.23% of Knowles Corp. worth $2,733,000 at the end of the most recent reporting period.
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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