Knowles (NYSE:KN) Stock Breaks Above 50-Day Moving Average - What's Next?

Key Points

• Knowles shares moved above their 50-day moving average, reaching $37.51 before last trading at $36.53; the stock’s 200-day moving average is $35.40.
• Analyst sentiment is moderately positive, with three Buy ratings and two Holds. The consensus price target is $40.67, with targets ranging from $40 to $44.
• Knowles exceeded quarterly expectations, reporting $0.33 in EPS versus $0.31 expected and revenue of $166.8 million versus $157.0 million forecast; institutional investors own 96.35% of the company.

Knowles Corporation (NYSE:KN - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $36.57 and traded as high as $37.51. Knowles shares last traded at $36.53, with a volume of 489,386 shares trading hands.

Analyst Upgrades and Downgrades

KN has been the topic of a number of research analyst reports. Wall Street Zen downgraded Knowles from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Susquehanna lifted their target price on Knowles from $33.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Weiss Ratings upgraded Knowles from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Zacks Research downgraded Knowles from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 22nd. Finally, Robert W. Baird set a $44.00 price target on Knowles in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.67.

Knowles Stock Performance

The stock's 50-day moving average price is $36.57 and its 200-day moving average price is $35.40. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.12 billion, a P/E ratio of 47.44 and a beta of 1.59.

Knowles (NYSE:KN - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $166.80 million during the quarter, compared to the consensus estimate of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.45%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, equities analysts expect that Knowles Corporation will post 1.02 EPS for the current year.

Insider Buying and Selling

In other news, SVP Raymond Cabrera sold 6,178 shares of the company's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the completion of the transaction, the senior vice president directly owned 127,945 shares of the company's stock, valued at approximately $4,641,844.60. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cheryl Shavers sold 6,618 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $259,888.86. Following the completion of the sale, the director directly owned 35,723 shares in the company, valued at approximately $1,402,842.21. This trade represents a 15.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.24% of the company's stock.

Institutional Investors Weigh In On Knowles

Several large investors have recently added to or reduced their stakes in KN. BlackRock Inc. bought a new stake in Knowles in the second quarter valued at $571,614,000. Andar Capital Management HK Ltd bought a new position in shares of Knowles during the second quarter worth about $117,000,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Knowles during the second quarter worth about $102,398,000. Bank of America Corp DE bought a new position in shares of Knowles during the second quarter worth about $30,158,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Knowles in the 2nd quarter worth about $21,568,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Company Profile

Knowles Corporation is a global supplier of advanced electronic components and audio solutions. The company develops and manufactures micro-acoustic products, including microelectromechanical systems (MEMS) microphones, speakers, receivers and related audio-processing technologies used in mobile devices, consumer electronics, communications equipment and other connected products.

Knowles also provides precision components for medical, industrial, defense, aerospace and other specialized applications.

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