Jennison Associates LLC Purchases Shares of 52,101 Knowles Corporation $KN

Key Points

• Jennison Associates LLC acquired a new stake of 52,101 shares of Knowles (NYSE:KN) in Q4, valued at about $1.12 million, representing roughly 0.06% of the company.
• Knowles beat Q1 estimates, reporting $0.27 EPS vs $0.24 expected and $153.1M revenue (up 15.8% YoY), and set Q2 guidance of $0.280–0.320 EPS.
• Insiders have been net sellers—total insider sales of 208,742 shares (~$5.62M) in the last 90 days (including the CEO), while institutional investors own about 96.35% of the stock.

Jennison Associates LLC acquired a new stake in shares of Knowles Corporation (NYSE:KN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 52,101 shares of the communications equipment provider's stock, valued at approximately $1,117,000. Jennison Associates LLC owned approximately 0.06% of Knowles at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Knowles by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider's stock valued at $1,065,000 after purchasing an additional 622 shares during the last quarter. Choreo LLC grew its position in Knowles by 5.3% in the fourth quarter. Choreo LLC now owns 13,188 shares of the communications equipment provider's stock worth $285,000 after buying an additional 669 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Knowles by 1.8% in the third quarter. Illinois Municipal Retirement Fund now owns 44,965 shares of the communications equipment provider's stock valued at $1,048,000 after buying an additional 787 shares in the last quarter. Amundi lifted its position in shares of Knowles by 4.3% during the 3rd quarter. Amundi now owns 19,691 shares of the communications equipment provider's stock valued at $481,000 after acquiring an additional 816 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Knowles by 94.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider's stock valued at $31,000 after acquiring an additional 895 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

Knowles Stock Down 0.1%

Shares of NYSE:KN opened at $31.62 on Monday. The firm has a 50 day simple moving average of $27.25 and a 200 day simple moving average of $24.80. Knowles Corporation has a 52 week low of $15.85 and a 52 week high of $31.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27. The company has a market cap of $2.71 billion, a PE ratio of 49.41 and a beta of 1.56.

Knowles (NYSE:KN - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The firm had revenue of $153.10 million for the quarter, compared to analysts' expectations of $147.40 million. During the same period in the previous year, the company posted $0.18 EPS. The company's quarterly revenue was up 15.8% compared to the same quarter last year. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, research analysts expect that Knowles Corporation will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KN. Zacks Research upgraded Knowles from a "strong sell" rating to a "hold" rating in a report on Friday, April 10th. Robert W. Baird upped their target price on Knowles from $30.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Finally, Craig Hallum reissued a "buy" rating and issued a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Knowles currently has a consensus rating of "Hold" and a consensus price target of $33.33.

Insider Buying and Selling at Knowles

In related news, CEO Jeffrey Niew sold 75,000 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $26.50, for a total transaction of $1,987,500.00. Following the transaction, the chief executive officer directly owned 739,370 shares of the company's stock, valued at approximately $19,593,305. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Barnes sold 41,048 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $27.16, for a total value of $1,114,863.68. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 208,742 shares of company stock valued at $5,617,539 in the last ninety days. 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.