Knowles (NYSE:KN) Hits New 12-Month High – Here’s Why

Knowles Corporation (NYSE:KN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $27.77 and last traded at $27.6950, with a volume of 117478 shares traded. The stock had previously closed at $27.26.

Analysts Set New Price Targets

A number of research firms have weighed in on KN. Zacks Research downgraded Knowles from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Craig Hallum reiterated a “buy” rating and set a $30.00 price objective on shares of Knowles in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research report on Monday, December 29th. Finally, Robert W. Baird set a $30.00 price target on shares of Knowles in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.67.

Knowles Stock Up 0.9%

The company’s fifty day simple moving average is $23.99 and its 200 day simple moving average is $22.89. The company has a current ratio of 2.75, a quick ratio of 1.58 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.34 billion, a P/E ratio of 54.02 and a beta of 1.52.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, February 5th. The communications equipment provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $162.20 million for the quarter, compared to analyst estimates of $156.23 million. Knowles had a return on equity of 9.76% and a net margin of 7.45%.The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.

Insider Buying and Selling at Knowles

In other Knowles news, VP Air A. Jr. Bastarrica sold 12,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $26.76, for a total value of $321,120.00. Following the completion of the transaction, the vice president owned 48,200 shares of the company’s stock, valued at approximately $1,289,832. The trade was a 19.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Daniel J. Giesecke sold 15,885 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $27.22, for a total transaction of $432,389.70. Following the transaction, the chief operating officer owned 164,963 shares in the company, valued at approximately $4,490,292.86. This trade represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 241,051 shares of company stock worth $6,156,777 in the last 90 days. Insiders own 2.54% of the company’s stock.

Institutional Trading of Knowles

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its holdings in Knowles by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock worth $356,000 after purchasing an additional 504 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Knowles by 4.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 14,648 shares of the communications equipment provider’s stock worth $258,000 after buying an additional 578 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Knowles by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider’s stock valued at $1,065,000 after acquiring an additional 622 shares during the period. Royal Bank of Canada increased its holdings in Knowles by 1.2% in the 4th quarter. Royal Bank of Canada now owns 53,002 shares of the communications equipment provider’s stock worth $1,136,000 after acquiring an additional 638 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Knowles by 24.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock worth $72,000 after acquiring an additional 652 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

About Knowles

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.