Knowles Corp (NYSE:KN) CEO Jeffrey Niew Sells 4,866 Shares

Knowles Corp (NYSE:KN) CEO Jeffrey Niew sold 4,866 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $20.75, for a total transaction of $100,969.50. Following the sale, the chief executive officer now directly owns 336,864 shares of the company’s stock, valued at $6,989,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jeffrey Niew also recently made the following trade(s):

  • On Thursday, August 8th, Jeffrey Niew sold 4,464 shares of Knowles stock. The stock was sold at an average price of $20.00, for a total transaction of $89,280.00.
  • On Thursday, July 25th, Jeffrey Niew sold 20,000 shares of Knowles stock. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00.

Knowles stock traded down $0.14 during midday trading on Thursday, hitting $20.67. 13,737 shares of the stock were exchanged, compared to its average volume of 1,109,153. Knowles Corp has a 52-week low of $12.20 and a 52-week high of $20.99. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.28. The business’s 50-day moving average price is $18.97 and its 200-day moving average price is $17.62. The company has a quick ratio of 1.59, a current ratio of 2.85 and a debt-to-equity ratio of 0.16.

Knowles (NYSE:KN) last released its quarterly earnings results on Wednesday, July 24th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Knowles had a net margin of 7.88% and a return on equity of 6.27%. The business had revenue of $205.20 million for the quarter, compared to analysts’ expectations of $195.06 million. During the same period in the previous year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Knowles Corp will post 0.83 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in KN. Wolverine Trading LLC bought a new stake in shares of Knowles in the second quarter valued at approximately $384,000. HG Vora Capital Management LLC raised its position in shares of Knowles by 100.0% in the second quarter. HG Vora Capital Management LLC now owns 1,000,000 shares of the communications equipment provider’s stock valued at $18,310,000 after purchasing an additional 500,000 shares during the period. Verition Fund Management LLC bought a new stake in shares of Knowles in the second quarter valued at approximately $916,000. United Services Automobile Association raised its position in shares of Knowles by 4.9% in the second quarter. United Services Automobile Association now owns 28,083 shares of the communications equipment provider’s stock valued at $514,000 after purchasing an additional 1,314 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in shares of Knowles in the second quarter valued at approximately $183,000. Institutional investors and hedge funds own 99.73% of the company’s stock.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Knowles from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Craig Hallum reissued a “buy” rating and set a $23.00 target price (up from $22.00) on shares of Knowles in a research report on Thursday, July 25th. Susquehanna Bancshares raised shares of Knowles from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $20.00 to $22.00 in a research report on Thursday, July 25th. Robert W. Baird set a $22.00 target price on shares of Knowles and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine raised shares of Knowles from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.71.

About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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Insider Buying and Selling by Quarter for Knowles (NYSE:KN)

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