Jeffrey Niew Sells 25,000 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) CEO Jeffrey Niew sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $25.50, for a total value of $637,500.00. Following the completion of the transaction, the chief executive officer directly owned 814,370 shares in the company, valued at $20,766,435. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeffrey Niew also recently made the following trade(s):

• On Thursday, January 15th, Jeffrey Niew sold 50,000 shares of Knowles stock. The stock was sold at an average price of $24.75, for a total value of $1,237,500.00.
• On Wednesday, December 10th, Jeffrey Niew sold 25,000 shares of Knowles stock. The stock was sold at an average price of $24.00, for a total value of $600,000.00.
• On Thursday, December 4th, Jeffrey Niew sold 25,000 shares of Knowles stock. The stock was sold at an average price of $23.50, for a total transaction of $587,500.00.

Knowles Stock Down 1.1%

Knowles stock opened at $24.33 on Thursday. The company has a market capitalization of $2.07 billion, a PE ratio of 50.69 and a beta of 1.52. Knowles Corporation has a 12-month low of $12.19 and a 12-month high of $25.57. The firm’s fifty day moving average is $23.17 and its 200 day moving average is $22.35. The company has a quick ratio of 1.19, a current ratio of 1.90 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Knowles in a report on Monday, December 29th. Susquehanna upped their target price on Knowles from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Zacks Research raised shares of Knowles to a “hold” rating in a research report on Friday, December 19th. Robert W. Baird set a $30.00 price objective on shares of Knowles in a report on Friday, October 24th. Finally, Craig Hallum set a $28.00 price objective on shares of Knowles and gave the company a “buy” rating in a research note on Friday, October 24th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Knowles has an average rating of “Hold” and a consensus target price of $27.00.

Institutional Investors Weigh In On Knowles

A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Knowles during the second quarter worth about $278,000. Johnson Investment Counsel Inc. raised its holdings in shares of Knowles by 39.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 71,984 shares of the communications equipment provider’s stock valued at $1,268,000 after buying an additional 20,441 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Knowles by 71.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,553 shares of the communications equipment provider’s stock worth $450,000 after buying an additional 10,672 shares during the last quarter. American Century Companies Inc. boosted its stake in Knowles by 161.4% in the second quarter. American Century Companies Inc. now owns 489,101 shares of the communications equipment provider’s stock worth $8,618,000 after buying an additional 302,008 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Knowles by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,220,236 shares of the communications equipment provider’s stock valued at $21,635,000 after acquiring an additional 70,078 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

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.