Amundi lifted its position in shares of Knowles Corporation (NYSE:KN - Free Report) by 239.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,254 shares of the communications equipment provider's stock after purchasing an additional 60,822 shares during the period. Amundi owned about 0.10% of Knowles worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in KN. Franklin Resources Inc. raised its holdings in Knowles by 10.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider's stock valued at $119,072,000 after buying an additional 484,500 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Knowles by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,806,916 shares of the communications equipment provider's stock worth $60,152,000 after acquiring an additional 205,573 shares during the last quarter. Ameriprise Financial Inc. increased its position in Knowles by 365.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider's stock valued at $32,502,000 after acquiring an additional 1,094,715 shares during the period. Raymond James Financial Inc. increased its position in Knowles by 52.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider's stock valued at $31,723,000 after acquiring an additional 470,100 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Knowles by 7.5% during the third quarter. Bank of America Corp DE now owns 825,344 shares of the communications equipment provider's stock valued at $19,239,000 after acquiring an additional 57,899 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.
Insider Buying and Selling
In other Knowles news, SVP Raymond D. Cabrera sold 6,178 shares of Knowles stock in a transaction on Monday, July 27th. The shares were sold at an average price of $36.28, for a total value of $224,137.84. Following the completion of the sale, the senior vice president directly owned 127,945 shares of the company's stock, valued at approximately $4,641,844.60. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Daniel J. Giesecke sold 20,201 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total transaction of $753,901.32. Following the transaction, the chief operating officer owned 175,855 shares in the company, valued at $6,562,908.60. This represents a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.24% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
KN has been the topic of a number of recent research reports. Zacks Research upgraded shares of Knowles from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Craig Hallum reaffirmed a "buy" rating and set a $38.00 target price on shares of Knowles in a research report on Friday, April 24th. Robert W. Baird set a $44.00 target price on Knowles in a report on Friday, July 24th. Wall Street Zen lowered Knowles from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Susquehanna increased their price target on Knowles from $33.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.67.
Get Our Latest Research Report on KN
Knowles Stock Down 0.2%
Shares of NYSE:KN opened at $39.43 on Friday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 51.21 and a beta of 1.60. 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 business's 50-day moving average is $38.23 and its 200-day moving average is $31.90. Knowles Corporation has a 1 year low of $19.29 and a 1 year high of $42.93.
Knowles (NYSE:KN - Get Free Report) last announced its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $166.80 million for the quarter, compared to analyst estimates of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Equities research analysts predict that Knowles Corporation will post 1.02 earnings per share for the current year.
Knowles Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding KN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knowles Corporation (NYSE:KN - Free Report).

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