Andar Capital Management HK Ltd Invests $4.85 Million in Knowles Corporation $KN

Andar Capital Management HK Ltd purchased a new position in Knowles Corporation (NYSE:KN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 117,000 shares of the communications equipment provider's stock, valued at approximately $4,853,000. Knowles comprises 2.2% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 11th largest position. Andar Capital Management HK Ltd owned 0.14% of Knowles at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KN. Franklin Resources Inc. raised its stake in Knowles by 10.5% during 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 acquiring an additional 484,500 shares in the last quarter. Goldman Sachs Group Inc. boosted its position 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 period. Ameriprise Financial Inc. grew its stake in shares of Knowles by 365.4% in the third quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider's stock worth $32,502,000 after purchasing an additional 1,094,715 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Knowles by 52.8% in the third quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider's stock worth $31,723,000 after purchasing an additional 470,100 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings 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 purchasing an additional 57,899 shares during the period. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Stock Performance

Shares of KN opened at $38.51 on Monday. The company's fifty day moving average is $38.26 and its 200-day moving average is $32.49. Knowles Corporation has a 12 month low of $20.08 and a 12 month high of $42.93. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 50.02 and a beta of 1.60. The company has a quick ratio of 1.75, a current ratio of 3.20 and a debt-to-equity ratio of 0.16.

Knowles (NYSE:KN - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $166.80 million during the quarter, compared to analyst estimates of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.45%. Knowles's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Equities analysts expect that Knowles Corporation will post 1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

KN has been the topic of several recent research reports. Wall Street Zen cut shares of Knowles from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Weiss Ratings raised Knowles from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Zacks Research upgraded Knowles from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Susquehanna lifted their price objective on shares of Knowles from $33.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Craig Hallum reissued a "buy" rating and set a $38.00 target price on shares of Knowles in a research note on Friday, April 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.67.

Insider Activity at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 6,178 shares of the company's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.28, for a total transaction of $224,137.84. Following the completion of the sale, the senior vice president directly owned 127,945 shares in the company, valued at $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 is available at the SEC website. Also, COO Daniel J. Giesecke sold 20,201 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total value of $753,901.32. Following the completion of the sale, the chief operating officer directly owned 175,855 shares in the company, valued at approximately $6,562,908.60. This represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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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