Knowles (NYSE:KN) CEO Sells $4,749,995.25 in Stock

Knowles Corporation (NYSE:KN) CEO Jeffrey Niew sold 142,857 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $33.25, for a total value of $4,749,995.25. Following the completion of the sale, the chief executive officer owned 883,719 shares in the company, valued at $29,383,656.75. This represents a 13.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, February 6th, Jeffrey Niew sold 75,000 shares of Knowles stock. The shares were sold at an average price of $26.50, for a total value of $1,987,500.00.

Knowles Price Performance

Knowles stock opened at $35.30 on Friday. Knowles Corporation has a 12 month low of $16.09 and a 12 month high of $35.35. The stock’s 50 day moving average is $27.61 and its 200-day moving average is $25.02. The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 55.16 and a beta of 1.56.

Knowles (NYSE:KN) last posted its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The company had revenue of $153.10 million for the quarter, compared to the consensus estimate of $147.40 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Equities research analysts expect that Knowles Corporation will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research raised Knowles from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Robert W. Baird upped their target price on Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $38.00 target price on shares of Knowles in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Knowles currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Institutional Investors Weigh In On Knowles

A number of large investors have recently modified their holdings of KN. Royal Bank of Canada boosted its holdings in shares of Knowles by 27.0% in the 1st quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock valued at $1,064,000 after purchasing an additional 14,900 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Knowles by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider’s stock valued at $786,000 after purchasing an additional 2,245 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Knowles by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,557 shares of the communications equipment provider’s stock valued at $3,626,000 after purchasing an additional 15,827 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Knowles in the 1st quarter valued at $3,335,000. Finally, Norges Bank acquired a new stake in shares of Knowles in the 2nd quarter valued at $1,255,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

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.