Knowles Corporation (NYSE:KN - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $18.66, but opened at $20.40. Knowles shares last traded at $20.59, with a volume of 221,509 shares.
Wall Street Analysts Forecast Growth
KN has been the subject of a number of research reports. Robert W. Baird lifted their target price on Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Wall Street Zen raised Knowles from a "hold" rating to a "buy" rating in a report on Monday. Finally, Craig Hallum upgraded Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a research report on Monday, April 7th.
Get Our Latest Stock Report on Knowles
Knowles Stock Performance
The firm has a 50-day moving average of $17.40 and a two-hundred day moving average of $17.07. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.80 billion, a PE ratio of -7.64 and a beta of 1.41.
Knowles (NYSE:KN - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The company 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 6.35% and a negative net margin of 38.96%. Knowles's quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $0.18 earnings per share.
Insider Activity at Knowles
In other news, SVP Raymond D. Cabrera sold 5,545 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $17.25, for a total value of $95,651.25. Following the completion of the sale, the senior vice president directly owned 111,286 shares in the company, valued at $1,919,683.50. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.54% of the stock is owned by company insiders.
Institutional Trading of Knowles
Institutional investors and hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Knowles in the fourth quarter worth approximately $28,798,000. Raymond James Financial Inc. acquired a new stake in shares of Knowles in the fourth quarter worth approximately $16,297,000. Norges Bank acquired a new stake in shares of Knowles in the fourth quarter worth approximately $7,983,000. Royce & Associates LP boosted its stake in shares of Knowles by 31.5% in the first quarter. Royce & Associates LP now owns 1,611,679 shares of the communications equipment provider's stock worth $24,498,000 after acquiring an additional 386,155 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Knowles in the first quarter worth approximately $5,581,000. 96.35% of the stock is currently 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).
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.