Free Trial

Knowles (NYSE:KN) Rating Lowered to "Hold" at Wall Street Zen

Knowles logo with Computer and Technology background

Wall Street Zen cut shares of Knowles (NYSE:KN - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other brokerages also recently issued reports on KN. Robert W. Baird upped their price target on shares of Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a report on Monday, April 7th.

Read Our Latest Report on Knowles

Knowles Price Performance

NYSE KN traded up $0.22 on Friday, hitting $16.57. 541,957 shares of the company's stock were exchanged, compared to its average volume of 685,510. The stock has a 50-day moving average of $15.54 and a 200-day moving average of $17.57. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. Knowles has a 52 week low of $12.19 and a 52 week high of $20.86. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -6.25 and a beta of 1.40.

Knowles (NYSE:KN - Get Free Report) last released its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $132.20 million during the quarter, compared to analysts' expectations of $128.95 million. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share.

Insider Activity at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 5,545 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $17.25, for a total transaction of $95,651.25. Following the completion of the sale, the senior vice president now directly owns 111,286 shares in the company, valued at approximately $1,919,683.50. This trade represents a 4.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.54% of the stock is currently owned by company insiders.

Institutional Trading of Knowles

A number of large investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in Knowles during the 1st quarter worth about $664,000. Jane Street Group LLC bought a new position in shares of Knowles during the 1st quarter worth about $3,335,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Knowles by 7.1% during the 1st 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 worth $3,626,000 after purchasing an additional 15,827 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Knowles during the 1st quarter worth about $533,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Knowles by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider's stock worth $786,000 after purchasing an additional 2,245 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

About Knowles

(Get Free Report)

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).

See Also

Should You Invest $1,000 in Knowles Right Now?

Before you consider Knowles, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Knowles wasn't on the list.

While Knowles currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines