Susquehanna Cuts Knowles (NYSE:KN) Price Target to $19.00

Knowles (NYSE:KN) had its price objective decreased by Susquehanna from $20.00 to $19.00 in a research report sent to investors on Friday, Benzinga reports. Susquehanna currently has a neutral rating on the communications equipment provider’s stock.

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

Knowles Trading Up 2.6 %

Shares of KN opened at $17.66 on Friday. The business’s 50-day moving average price is $17.59 and its 200-day moving average price is $17.36. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. Knowles has a twelve month low of $12.78 and a twelve month high of $19.73. The stock has a market cap of $1.58 billion, a PE ratio of 20.07 and a beta of 1.42.

Knowles (NYSE:KN) last posted its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The business had revenue of $142.50 million for the quarter, compared to analyst estimates of $140.97 million. During the same quarter in the prior year, the firm posted $0.25 EPS. Knowles’s revenue was up 31.8% on a year-over-year basis.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Knowles by 4.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 829,281 shares of the communications equipment provider’s stock worth $14,952,000 after purchasing an additional 37,244 shares during the last quarter. Raymond James & Associates grew its holdings in Knowles by 3.7% in the 3rd quarter. Raymond James & Associates now owns 196,056 shares of the communications equipment provider’s stock worth $3,535,000 after acquiring an additional 7,059 shares during the last quarter. Blue Trust Inc. increased its position in shares of Knowles by 114.6% in the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 1,069 shares during the period. Creative Planning raised its stake in shares of Knowles by 9.5% during the third quarter. Creative Planning now owns 162,625 shares of the communications equipment provider’s stock valued at $2,932,000 after acquiring an additional 14,045 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Knowles by 11.5% during the third quarter. Inspire Investing LLC now owns 22,954 shares of the communications equipment provider’s stock worth $414,000 after purchasing an additional 2,374 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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).