Craig Hallum set a $23.00 target price on Knowles (NYSE:KN) in a report issued on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the communications equipment provider’s stock.
Other research analysts have also issued reports about the stock. Robert W. Baird set a $22.00 price target on shares of Knowles and gave the company a buy rating in a research report on Thursday, September 12th. Susquehanna Bancshares upgraded shares of Knowles from a neutral rating to a positive rating and boosted their price target for the company from $20.00 to $22.00 in a research report on Thursday, July 25th. Zacks Investment Research lowered shares of Knowles from a buy rating to a hold rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Knowles from $17.50 to $19.00 and gave the company an underweight rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of Knowles from a hold rating to a buy rating in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $20.29.
Shares of KN traded down $0.30 during mid-day trading on Wednesday, reaching $20.01. 2,256,959 shares of the stock traded hands, compared to its average volume of 898,162. The firm has a fifty day moving average price of $20.25 and a 200 day moving average price of $18.24. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23. The company has a current ratio of 2.85, a quick ratio of 1.59 and a debt-to-equity ratio of 0.16. Knowles has a 1 year low of $12.20 and a 1 year high of $21.42.
In other news, CEO Jeffrey Niew sold 20,000 shares of Knowles stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00. Following the completion of the sale, the chief executive officer now directly owns 313,839 shares of the company’s stock, valued at approximately $6,276,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ye Jane Li sold 9,256 shares of Knowles stock in a transaction on Monday, August 5th. The stock was sold at an average price of $18.86, for a total transaction of $174,568.16. Following the sale, the director now directly owns 24,258 shares of the company’s stock, valued at $457,505.88. The disclosure for this sale can be found here. Insiders have sold a total of 72,086 shares of company stock valued at $1,440,538 over the last ninety days. 3.70% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new stake in Knowles in the first quarter worth $25,000. Point72 Asset Management L.P. bought a new stake in Knowles in the second quarter worth $59,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Knowles in the second quarter worth $91,000. Quantamental Technologies LLC bought a new stake in Knowles in the second quarter worth $99,000. Finally, AdvisorNet Financial Inc lifted its stake in Knowles by 32.2% in the second quarter. AdvisorNet Financial Inc now owns 6,697 shares of the communications equipment provider’s stock worth $123,000 after purchasing an additional 1,630 shares during the last quarter.
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.
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