Knowles (NYSE:KN) Price Target Cut to $19.00

Knowles (NYSE:KN - Free Report) had its price target cut by Susquehanna from $20.00 to $19.00 in a research note released on Friday, Benzinga reports. They currently have a neutral rating on the communications equipment provider's stock.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of Knowles from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Craig Hallum upgraded Knowles to a "strong-buy" rating in a research report on Wednesday, October 16th.

Knowles Stock Performance

Shares of Knowles stock traded up $0.45 on Friday, reaching $17.67. 661,066 shares of the company traded hands, compared to its average volume of 557,681. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.30. The firm has a market capitalization of $1.56 billion, a PE ratio of -8.14 and a beta of 1.42. The company has a 50 day moving average of $17.59 and a 200 day moving average of $17.35. Knowles has a 52 week low of $12.78 and a 52 week high of $19.73.

Knowles (NYSE:KN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.16). The firm had revenue of $204.70 million for the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Insiders Place Their Bets

In related news, Director Keith Barnes sold 6,725 shares of the business's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the transaction, the director now directly owns 86,192 shares in the company, valued at $1,541,112.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO John S. Anderson sold 10,444 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares of the company's stock, valued at approximately $3,907,200. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith Barnes sold 6,725 shares of Knowles stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $17.88, for a total transaction of $120,243.00. Following the transaction, the director now directly owns 86,192 shares in the company, valued at $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,748 shares of company stock worth $530,948 in the last three months. 2.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quest Partners LLC purchased a new position in shares of Knowles in the second quarter worth $30,000. Blue Trust Inc. raised its stake in shares of Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider's stock valued at $35,000 after acquiring an additional 1,069 shares during the last quarter. Quarry LP purchased a new stake in shares of Knowles during the second quarter worth about $39,000. GAMMA Investing LLC grew its stake in shares of Knowles by 37.6% in 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 during the last quarter. Finally, Innealta Capital LLC purchased a new position in Knowles during the 2nd quarter valued at about $46,000. 96.35% of the stock is owned by institutional investors.

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).