SG Americas Securities LLC acquired a new stake in Knowles Corporation (NYSE:KN – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 59,560 shares of the communications equipment provider’s stock, valued at approximately $1,388,000.
Other institutional investors have also recently modified their holdings of the company. Osaic Holdings Inc. increased its position in shares of Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 895 shares during the period. GAMMA Investing LLC increased its holdings in Knowles by 118.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,482 shares of the communications equipment provider’s stock valued at $114,000 after buying an additional 3,520 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Knowles in the 3rd quarter valued at approximately $202,000. Longboard Asset Management LP bought a new stake in shares of Knowles during the 3rd quarter worth approximately $214,000. Finally, Praxis Investment Management Inc. acquired a new stake in shares of Knowles during the 3rd quarter worth approximately $220,000. 96.35% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Knowles news, CEO Jeffrey Niew sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief executive officer owned 889,370 shares of the company’s stock, valued at approximately $21,344,880. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 186,656 shares of company stock worth $4,421,469. Corporate insiders own 2.54% of the company’s stock.
Knowles Stock Down 1.5%
Knowles (NYSE:KN – Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The communications equipment provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $149.08 million. Knowles had a return on equity of 8.98% and a net margin of 7.27%.The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS. Knowles has set its Q4 2025 guidance at 0.330-0.370 EPS.
Wall Street Analyst Weigh In
KN has been the subject of several recent analyst reports. Zacks Research upgraded Knowles to a “hold” rating in a research note on Friday, December 19th. Robert W. Baird set a $30.00 target price on shares of Knowles in a report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research note on Monday, December 29th. Craig Hallum set a $28.00 price objective on shares of Knowles and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Susquehanna increased their price objective on shares of Knowles from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.
Read Our Latest Report on Knowles
Knowles Company Profile
Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company’s product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.
Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.
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