Knowles Corp. (KN) Trading Up 2.1%
Shares of Knowles Corp. (NYSE:KN) were up 2.1% during mid-day trading on Friday . The company 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.
A number of analysts recently issued reports on KN shares. 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. 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. Robert W. Baird reissued a “neutral” rating and set a $15.00 price target (up previously from $11.00) on shares of Knowles Corp. 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 price target on the stock in a research report on Thursday, April 28th. Finally, Benchmark Co. assumed coverage on Knowles Corp. in a research report on Wednesday, June 29th. They set a “hold” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.78.
The stock has a 50 day moving average price of $14.29 and a 200 day moving average price of $13.45. The stock’s market capitalization is $1.25 billion.
Knowles Corp. (NYSE:KN) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The company had revenue of $190.30 million for the quarter, compared to the consensus estimate of $189.88 million. Knowles Corp.’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. On average, equities analysts expect that Knowles Corp. will post $0.85 EPS for the current year.
In related news, VP Thomas G. Jackson sold 3,764 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $13.42, for a total value of $50,512.88. Following the transaction, the vice president now owns 32,059 shares of the company’s stock, valued at approximately $430,231.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
An institutional investor recently raised its position 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 filing with the SEC. The firm owned 205,000 shares of the company’s stock after buying an additional 22,000 shares during the period. Royce & Associates LLC owned 0.23% of Knowles Corp. worth $2,733,000 at the end of the most recent 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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