Insight Wealth Strategies LLC Takes Position in Knowles Corporation $KN

Insight Wealth Strategies LLC purchased a new position in shares of Knowles Corporation (NYSE:KN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 143,628 shares of the communications equipment provider’s stock, valued at approximately $5,818,000.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Knowles by 10.5% during the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock worth $119,072,000 after purchasing an additional 484,500 shares during the period. Goldman Sachs Group Inc. increased its stake in Knowles by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,806,916 shares of the communications equipment provider’s stock valued at $60,152,000 after buying an additional 205,573 shares during the period. Ameriprise Financial Inc. raised its position in Knowles by 365.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock worth $32,502,000 after buying an additional 1,094,715 shares during the last quarter. Raymond James Financial Inc. raised its position in Knowles by 52.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock worth $31,723,000 after buying an additional 470,100 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Knowles by 7.5% during the 3rd quarter. Bank of America Corp DE now owns 825,344 shares of the communications equipment provider’s stock worth $19,239,000 after buying an additional 57,899 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 6,178 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.28, for a total transaction of $224,137.84. Following the transaction, the senior vice president directly owned 127,945 shares in the company, valued at approximately $4,641,844.60. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Daniel J. Giesecke sold 20,201 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total transaction of $753,901.32. Following the completion of the transaction, the chief operating officer directly owned 175,855 shares of the company’s stock, valued at approximately $6,562,908.60. This trade represents a 10.30% decrease in their ownership of the stock. 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 currently owned by insiders.

Analysts Set New Price Targets

KN has been the topic of several analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $38.00 target price on shares of Knowles in a report on Friday, April 24th. Susquehanna increased their price target on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of Knowles from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Zacks Research raised Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Robert W. Baird set a $44.00 target price on Knowles in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.

Knowles Price Performance

Knowles stock opened at $38.56 on Wednesday. The company has a market cap of $3.29 billion, a P/E ratio of 50.08 and a beta of 1.60. Knowles Corporation has a one year low of $19.84 and a one year high of $42.93. The business has a fifty day moving average of $38.26 and a two-hundred day moving average of $32.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20.

Knowles (NYSE:KN) last posted its quarterly earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business 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 business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, analysts predict that Knowles Corporation will post 1.02 earnings per share for the current fiscal year.

Knowles Profile

Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company’s product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.

Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.