Knowles (NYSE:KN) had its price target lowered by JPMorgan Chase from $16.00 to $13.50 in a research note issued to investors on Tuesday. The brokerage currently has a neutral rating on the communications equipment provider’s stock.

Several other research firms have also weighed in on KN. Craig Hallum reaffirmed a buy rating and issued a $17.00 price objective (down from $20.00) on shares of Knowles in a research note on Thursday, February 8th. Lake Street Capital reduced their price objective on Knowles from $19.00 to $17.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Zacks Investment Research lowered Knowles from a hold rating to a sell rating in a research note on Wednesday, February 14th. Finally, ValuEngine lowered Knowles from a hold rating to a sell rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Knowles presently has an average rating of Hold and a consensus price target of $17.29.

KN opened at $12.35 on Tuesday. The firm has a market cap of $1,013.94, a PE ratio of 17.64, a P/E/G ratio of 1.50 and a beta of 0.87. Knowles has a 52-week low of $10.94 and a 52-week high of $19.13. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, April 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $178.50 million during the quarter, compared to analyst estimates of $178.93 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $0.12 earnings per share. equities analysts forecast that Knowles will post 0.75 earnings per share for the current year.

In other Knowles news, Director Didier Hirsch acquired 3,000 shares of Knowles stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $14.45 per share, with a total value of $43,350.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 8,180 shares of company stock worth $114,370 over the last ninety days. 3.70% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Knowles by 5.3% during the third quarter. Legal & General Group Plc now owns 72,813 shares of the communications equipment provider’s stock valued at $1,112,000 after purchasing an additional 3,651 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Knowles by 1.6% during the third quarter. Ameriprise Financial Inc. now owns 252,445 shares of the communications equipment provider’s stock valued at $3,855,000 after purchasing an additional 4,020 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Knowles by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 760,980 shares of the communications equipment provider’s stock valued at $11,155,000 after purchasing an additional 4,102 shares in the last quarter. Swiss National Bank boosted its stake in shares of Knowles by 3.8% during the fourth quarter. Swiss National Bank now owns 152,300 shares of the communications equipment provider’s stock valued at $2,233,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Knowles by 222.6% during the fourth quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock valued at $119,000 after purchasing an additional 5,618 shares in the last quarter.

About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

Analyst Recommendations for Knowles (NYSE:KN)

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