Knowles Corp. (KN) Research Coverage Started at Susquehanna
KN has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Knowles Corp. from a buy rating to a hold rating in a research note on Wednesday, June 29th. Benchmark Co. started coverage on shares of Knowles Corp. in a research note on Wednesday, June 29th. They issued a hold rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Knowles Corp. in a research note on Tuesday, September 6th. They issued a neutral rating and a $15.00 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $17.00.
Knowles Corp. (NYSE:KN) opened at 14.40 on Tuesday. The stock has a 50 day moving average price of $13.98 and a 200-day moving average price of $13.84. Knowles Corp. has a 52 week low of $9.68 and a 52 week high of $22.33. The stock’s market cap is $1.28 billion.
Knowles Corp. (NYSE:KN) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm earned $190.30 million during the quarter, compared to the consensus estimate of $189.88 million. Knowles Corp. had a negative net margin of 26.09% and a positive return on equity of 4.04%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. On average, equities analysts anticipate that Knowles Corp. will post $0.86 EPS for the current fiscal year.
In related news, VP Thomas G. Jackson sold 3,764 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $13.42, for a total value of $50,512.88. Following the sale, the vice president now owns 32,059 shares in the company, valued at $430,231.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.49% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of KN. Norges Bank acquired a new position in shares of Knowles Corp. during the fourth quarter valued at $8,512,000. Prudential PLC boosted its position in shares of Knowles Corp. by 38.0% in the first quarter. Prudential PLC now owns 1,950,579 shares of the company’s stock valued at $25,709,000 after buying an additional 537,164 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Knowles Corp. during the first quarter valued at $5,212,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Knowles Corp. during the first quarter valued at $4,525,000. Finally, Vanguard Group Inc. boosted its position in shares of Knowles Corp. by 4.5% in the second quarter. Vanguard Group Inc. now owns 6,517,697 shares of the company’s stock valued at $89,162,000 after buying an additional 283,146 shares in the last quarter.
Knowles Corp. Company Profile
Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. It uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables.
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