Shares of Knowles (NYSE:KN) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.33.
A number of analysts recently commented on KN shares. Zacks Investment Research lowered Knowles from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Craig Hallum reaffirmed a “buy” rating and issued a $16.00 target price (down from $17.00) on shares of Knowles in a research report on Monday, April 2nd. Lake Street Capital decreased their target price on Knowles from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. ValuEngine lowered Knowles from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Knowles from $16.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, April 24th.
In related news, Director Didier Hirsch purchased 7,000 shares of the business’s stock in a transaction on Tuesday, May 1st. The stock was acquired at an average price of $12.69 per share, for a total transaction of $88,830.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Barnes sold 3,976 shares of Knowles stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $13.32, for a total value of $52,960.32. Following the transaction, the director now owns 43,690 shares of the company’s stock, valued at approximately $581,950.80. The disclosure for this sale can be found here. Insiders have acquired a total of 11,838 shares of company stock valued at $149,163 in the last quarter. Company insiders own 3.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in KN. Assetmark Inc. boosted its stake in shares of Knowles by 222.6% in the 4th quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after buying an additional 5,618 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Knowles in the 1st quarter worth approximately $127,000. Crossmark Global Holdings Inc. purchased a new position in shares of Knowles in the 4th quarter worth approximately $170,000. UBS Group AG boosted its stake in shares of Knowles by 112.3% in the 1st quarter. UBS Group AG now owns 14,620 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 7,733 shares during the last quarter. Finally, We Are One Seven LLC purchased a new position in shares of Knowles in the 4th quarter worth approximately $203,000.
Knowles opened at $14.57 on Thursday, Marketbeat.com reports. Knowles has a 1-year low of $10.94 and a 1-year high of $19.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.52. The stock has a market capitalization of $1.30 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86.
Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, April 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Knowles had a return on equity of 5.95% and a net margin of 8.83%. The business had revenue of $178.50 million during the quarter, compared to the consensus estimate of $178.93 million. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. analysts expect that Knowles will post 0.67 earnings per share for the current year.
Knowles Company Profile
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.
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