StockNews.com cut shares of Knowles (NYSE:KN - Free Report) from a buy rating to a hold rating in a research note published on Thursday morning.
Separately, Craig Hallum raised Knowles from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a research note on Monday, April 7th.
View Our Latest Stock Report on KN
Knowles Stock Performance
Shares of KN stock traded down $0.06 during trading hours on Thursday, reaching $15.97. 718,152 shares of the company traded hands, compared to its average volume of 684,062. Knowles has a 12-month low of $12.19 and a 12-month high of $20.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. The company has a market cap of $1.40 billion, a P/E ratio of -6.03 and a beta of 1.41. The firm has a 50-day moving average price of $15.48 and a 200 day moving average price of $17.78.
Knowles (NYSE:KN - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. The firm had revenue of $132.20 million for 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 business's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS.
Institutional Investors Weigh In On Knowles
Several institutional investors have recently made changes to their positions in KN. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Knowles in the 4th quarter worth about $28,798,000. Raymond James Financial Inc. bought a new stake in shares of Knowles in the 4th quarter worth about $16,297,000. Norges Bank bought a new stake in shares of Knowles in the 4th quarter worth about $7,983,000. Royce & Associates LP lifted its holdings in shares of Knowles by 40.8% in the 4th quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider's stock worth $24,425,000 after acquiring an additional 355,401 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Knowles by 38.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,150,158 shares of the communications equipment provider's stock worth $17,425,000 after buying an additional 320,587 shares during the period. Institutional investors own 96.35% of the company's stock.
About Knowles
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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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