Shares of Knowles Corporation (NYSE:KN - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.29 and last traded at $23.16, with a volume of 761088 shares trading hands. The stock had previously closed at $22.86.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Knowles from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Craig Hallum raised their price objective on shares of Knowles from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.
Check Out Our Latest Stock Report on Knowles
Knowles Stock Up 1.3%
The company has a market capitalization of $1.99 billion, a PE ratio of 79.85 and a beta of 1.50. The company's 50 day moving average is $20.70 and its two-hundred day moving average is $17.83. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.16.
Insider Buying and Selling at Knowles
In related news, VP Air A. Jr. Bastarrica sold 10,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $20.94, for a total transaction of $209,400.00. Following the completion of the transaction, the vice president directly owned 62,537 shares of the company's stock, valued at approximately $1,309,524.78. This trade represents a 13.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert J. Perna sold 56,130 shares of Knowles stock in a transaction on Monday, July 28th. The stock was sold at an average price of $20.47, for a total transaction of $1,148,981.10. Following the completion of the transaction, the senior vice president directly owned 66,552 shares of the company's stock, valued at $1,362,319.44. The trade was a 45.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.54% of the company's stock.
Hedge Funds Weigh In On Knowles
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Knowles by 4.1% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 14,648 shares of the communications equipment provider's stock worth $258,000 after buying an additional 578 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Knowles by 4.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 13,105 shares of the communications equipment provider's stock worth $201,000 after buying an additional 592 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Knowles by 4.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,110 shares of the communications equipment provider's stock worth $260,000 after buying an additional 759 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Knowles by 94.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider's stock worth $31,000 after buying an additional 895 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Knowles by 4.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,453 shares of the communications equipment provider's stock worth $396,000 after buying an additional 1,026 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.
Knowles Company Profile
(
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).
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