Knowles (NYSE:KN) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Knowles (NYSE:KN) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks reports.

Several other research analysts have also commented on KN. Robert W. Baird set a $44.00 price target on shares of Knowles in a report on Friday, July 24th. Wall Street Zen cut Knowles from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Finally, Susquehanna raised their price target on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Knowles currently has an average rating of “Hold” and an average price target of $40.67.

Knowles Stock Performance

Knowles stock opened at $36.75 on Tuesday. The stock has a market cap of $3.14 billion, a P/E ratio of 47.72 and a beta of 1.59. 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 stock has a 50 day moving average of $36.22 and a 200-day moving average of $34.22. Knowles has a 52 week low of $20.57 and a 52 week high of $42.93.

Knowles (NYSE:KN) last posted its quarterly earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $166.80 million for the quarter, compared to analysts’ expectations of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.45%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, analysts expect that Knowles will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at Knowles

In other Knowles news, SVP Raymond Cabrera sold 6,178 shares of the business’s stock in a transaction 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 owned 127,945 shares in the company, valued at approximately $4,641,844.60. The trade was a 4.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cheryl Shavers sold 6,618 shares of the stock in a transaction 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 transaction, the director directly owned 35,723 shares of the company’s stock, valued at approximately $1,402,842.21. The trade was a 15.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Knowles

A number of institutional investors and hedge funds have recently bought and sold shares of KN. BlackRock Inc. bought a new stake in Knowles during the second quarter worth approximately $571,614,000. Andar Capital Management HK Ltd acquired a new position in shares of Knowles in the second quarter worth about $117,000,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Knowles in the second quarter worth approximately $102,398,000. Bank of America Corp DE acquired a new stake in shares of Knowles during the second quarter valued at approximately $30,158,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Knowles in the 2nd quarter valued at approximately $21,568,000. Institutional investors own 96.35% of the company’s stock.

About Knowles

Knowles Corporation (NYSE: KN) is a global supplier of advanced audio, electronic and specialty component technologies. The company develops products that enable sound capture, processing and delivery in applications ranging from consumer electronics and communications equipment to medical devices and industrial systems.

Knowles’ product portfolio includes microelectromechanical systems (MEMS) microphones, audio processors, speakers and related acoustic components. It also provides capacitors, resistors and other specialty electronic components, as well as precision devices used in medical, defense, aerospace and other demanding applications.

With operations and customers across North America, Europe, Asia and other international markets, Knowles serves manufacturers in the consumer electronics, mobile communications, hearing health, automotive, industrial and aerospace and defense sectors.