Knowles (NYSE:KN) PT Lowered to $19.00

Knowles (NYSE:KN) had its target price lowered by Susquehanna from $20.00 to $19.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the communications equipment provider’s stock. Susquehanna’s target price suggests a potential upside of 7.59% from the company’s current price.

Several other analysts have also issued reports on the company. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Craig Hallum upgraded Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th.

Knowles Stock Performance

Shares of Knowles stock opened at $17.66 on Friday. The business’s fifty day simple moving average is $17.59 and its 200 day simple moving average is $17.36. The firm has a market capitalization of $1.56 billion, a P/E ratio of -8.14 and a beta of 1.42. Knowles has a 12 month low of $12.78 and a 12 month high of $19.73. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The business had revenue of $204.70 million for the quarter. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%.

Insider Buying and Selling at Knowles

In related news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the sale, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the sale, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cheryl L. Shavers sold 12,579 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total value of $217,490.91. Following the sale, the director now owns 48,933 shares in the company, valued at approximately $846,051.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,748 shares of company stock worth $530,948 over the last ninety days. 2.65% of the stock is currently owned by company insiders.

Institutional Trading of Knowles

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in Knowles during the second quarter worth about $30,000. Blue Trust Inc. grew its position in Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after buying an additional 1,069 shares in the last quarter. Quarry LP purchased a new position in Knowles during the second quarter worth about $39,000. GAMMA Investing LLC grew its position in Knowles by 37.6% during the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 668 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Knowles during the second quarter worth about $46,000. 96.35% of the stock is currently owned by institutional investors.

Knowles Company Profile

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).