Allianz Asset Management GmbH Makes New Investment in Knowles Corporation $KN

Allianz Asset Management GmbH acquired a new position in shares of Knowles Corporation (NYSE:KN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 138,766 shares of the communications equipment provider's stock, valued at approximately $5,756,000. Allianz Asset Management GmbH owned 0.16% of Knowles as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of KN. Royal Bank of Canada boosted its position in Knowles by 27.0% during the first quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider's stock worth $1,064,000 after acquiring an additional 14,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Knowles by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider's stock worth $786,000 after acquiring an additional 2,245 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Knowles by 7.1% in the first 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 during the period. Jane Street Group LLC purchased a new position in shares of Knowles during the 1st quarter worth $3,335,000. Finally, Norges Bank purchased a new position in shares of Knowles during the 2nd quarter worth $1,255,000. Institutional investors and hedge funds own 96.35% of the company's stock.

Knowles Stock Performance

NYSE KN opened at $35.60 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.20 and a quick ratio of 1.75. The company has a market cap of $3.04 billion, a P/E ratio of 46.23 and a beta of 1.59. The stock has a 50-day moving average of $36.41 and a two-hundred day moving average of $33.56. Knowles Corporation has a 1-year low of $20.57 and a 1-year high of $42.93.

Knowles (NYSE:KN - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $166.80 million for the quarter, compared to analysts' expectations of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.45%. The business's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, analysts anticipate that Knowles Corporation will post 1.02 EPS for the current year.

Wall Street Analyst Weigh In

KN has been the topic of several research analyst reports. Zacks Research upgraded shares of Knowles from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Wall Street Zen cut shares of Knowles from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Susquehanna boosted their price target on shares of Knowles from $33.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Weiss Ratings lowered shares of Knowles from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, August 31st. Finally, Robert W. Baird set a $44.00 price objective on shares of Knowles in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.67.

Insider Buying and Selling at Knowles

In other news, SVP Raymond Cabrera sold 6,178 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the sale, the senior vice president owned 127,945 shares of the company's stock, valued at approximately $4,641,844.60. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cheryl Shavers sold 6,618 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $259,888.86. Following the completion of the sale, the director owned 35,723 shares in the company, valued at approximately $1,402,842.21. The trade was a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.24% of the company's stock.

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.

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