Knowles Corporation (NYSE:KN) shares traded 2.39% higher at $17.96 on Wall Street last session.
In accordance with the data, 5 analysts cover Knowles Corporation (NYSE:KN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $14.00, we find $18.00. Given the previous closing price of $17.54, this indicates a potential upside of 2.62 percent. KN stock price is now 12.70% away from the 50-day moving average and 8.83% away from the 200-day moving average. The market capitalization of the company currently stands at $1.64B.
It has been rated a hold by 2 analysts and a buy by 2. Brokers who have rated the stock have averaged $18.60 as their price target over the next twelve months.
With the price target reduced from $20 to $17, ROTH Capital Downgraded its rating from Buy to Neutral for Knowles Corporation (NYSE: KN). On February 10, 2022, Colliers Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $25.50, while ‘Susquehanna’ rates the stock as ‘Neutral’.
In other news, Crowley Daniel J, Director bought 2,000 shares of the company’s stock on Nov 02. The stock was bought for $27,940 at an average price of $13.97. Upon completion of the transaction, the Director now directly owns 19,815 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, President & CEO Niew Jeffrey sold 77,537 shares of the business’s stock. A total of $1,466,070 was realized by selling the stock at an average price of $18.91. This leaves the insider owning 528,590 shares of the company worth $9.49 million. Insiders disposed of 507,640 shares of company stock worth roughly $9.12 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KN stock. A new stake in Knowles Corporation shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $33,975,000. PACER ADVISORS, INC. invested $6,338,000 in shares of KN during the first quarter. In the first quarter, VERITION FUND MANAGEMENT LLC acquired a new stake in Knowles Corporation valued at approximately $2,955,000. OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in KN for approximately $2,748,000. SCHRODER INVESTMENT MANAGEMENT GROUP purchased a new stake in KN valued at around $2,738,000 in the second quarter.
Knowles Corporation (NYSE: KN) opened at $17.64 on Wednesday. During the past 12 months, Knowles Corporation has had a low of $11.57 and a high of $23.41. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.90, and a quick ratio of 1.40. The fifty day moving average price for KN is $15.94 and a two-hundred day moving average price translates $16.50 for the stock.
The latest earnings results from Knowles Corporation (NYSE: KN) was released for Sep, 2022. The net profit margin was -16.10% and return on equity was -9.70% for KN. The company reported revenue of $178.2 million for the quarter, compared to $233.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.52 percent. For the current quarter, analysts expect KN to generate $210.44M in revenue.
Knowles Corporation(KN) Company Profile
Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones, balanced armature speakers, and audio processors used in applications that serve the mobile, hearing health, True Wireless Stereo, Internet of Things, and computing markets. The PD segment is involved in the design and delivery of high-performance capacitor products and RF solutions that are used in applications, such as power supplies and medical implants, satellite communications, and radar systems, as well as for communications equipment. The company sells its products directly to original equipment manufacturers and to their contract manufacturers and suppliers, as well as through distributors. It has operations in Asia, the United States, Europe, other Americas, and internationally. The company was founded in 1946 and is headquartered in Itasca, Illinois.