Renaissance Technologies LLC Has $1.86 Million Stock Position in Knowles Corporation $KN

Renaissance Technologies LLC lowered its position in Knowles Corporation (NYSE:KN) by 25.6% during the first quarter, HoldingsChannel.com reports. The firm owned 72,400 shares of the communications equipment provider’s stock after selling 24,974 shares during the quarter. Renaissance Technologies LLC’s holdings in Knowles were worth $1,859,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KN. Royal Bank of Canada lifted its holdings in shares of Knowles by 27.0% during the 1st quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock valued at $1,064,000 after buying an additional 14,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Knowles by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider’s stock worth $786,000 after buying an additional 2,245 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Knowles by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,557 shares of the communications equipment provider’s stock valued at $3,626,000 after acquiring an additional 15,827 shares in the last quarter. Jane Street Group LLC acquired a new stake in Knowles in the first quarter valued at approximately $3,335,000. Finally, Norges Bank acquired a new stake in Knowles in the second quarter valued at approximately $1,255,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KN has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Knowles from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Craig Hallum reiterated a “buy” rating and issued a $38.00 price objective on shares of Knowles in a report on Friday, April 24th. Robert W. Baird set a $44.00 target price on shares of Knowles in a research report on Friday, July 24th. Susquehanna raised their target price on Knowles from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Zacks Research raised Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Knowles currently has an average rating of “Moderate Buy” and an average target price of $40.67.

Insider Activity

In other Knowles news, SVP Raymond D. Cabrera sold 6,178 shares of Knowles stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.28, for a total value of $224,137.84. Following the transaction, the senior vice president directly owned 127,945 shares of the company’s stock, valued at $4,641,844.60. The trade was a 4.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Daniel J. Giesecke sold 20,201 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total value of $753,901.32. Following the transaction, the chief operating officer 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.24% of the stock is currently owned by insiders.

Knowles Price Performance

Shares of Knowles stock opened at $38.56 on Wednesday. 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 firm has a fifty day simple moving average of $38.26 and a 200-day simple moving average of $32.20. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 50.08 and a beta of 1.60. Knowles Corporation has a 1-year low of $19.84 and a 1-year high of $42.93.

Knowles (NYSE:KN) last released its 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. Knowles had a net margin of 10.63% and a return on equity of 11.45%. The firm had revenue of $166.80 million during the quarter, compared to analyst estimates of $156.97 million. During the same quarter in the previous year, the business earned $0.24 EPS. The business’s revenue was up 14.3% on a year-over-year basis. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, sell-side analysts expect that Knowles Corporation will post 1.02 earnings per share for the current 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.