Knowles (NYSE:KN) Upgraded to “Strong-Buy” at Craig Hallum

Knowles (NYSE:KN) was upgraded by stock analysts at Craig Hallum to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. StockNews.com cut shares of Knowles from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Susquehanna increased their price target on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th.

Knowles Stock Down 0.0 %

Shares of KN stock opened at $17.92 on Wednesday. Knowles has a fifty-two week low of $12.78 and a fifty-two week high of $19.73. The firm has a market capitalization of $1.61 billion, a PE ratio of 20.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36. The stock’s 50-day simple moving average is $17.58 and its 200-day simple moving average is $17.29.

Knowles (NYSE:KN) last issued its 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). Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The firm had revenue of $204.70 million during the quarter.

Insiders Place Their Bets

In other news, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following the completion of the transaction, the director now directly owns 48,933 shares of the company’s stock, valued at $846,051.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Barnes sold 6,725 shares of Knowles stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $17.88, for a total value of $120,243.00. Following the completion of the transaction, the director now owns 86,192 shares of the company’s stock, valued at approximately $1,541,112.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have 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 made changes to their positions in the business. Quest Partners LLC acquired a new stake in Knowles in the 2nd quarter valued at $30,000. Quarry LP acquired a new stake in shares of Knowles in the second quarter valued at about $39,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 668 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Knowles during the 2nd quarter worth about $46,000. Finally, CWM LLC lifted its stake in Knowles by 38.0% in the 2nd quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 836 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

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).