Knowles (NYSE:KN) Rating Lowered to Neutral at Roth Capital

Knowles (NYSE:KNGet Rating) was downgraded by research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a $17.00 price objective on the communications equipment provider’s stock, down from their previous price objective of $20.00. Roth Capital’s target price would suggest a potential upside of 1.80% from the stock’s previous close.

Several other research firms also recently issued reports on KN. TheStreet downgraded shares of Knowles from a “b” rating to a “c+” rating in a research note on Wednesday, May 11th. Susquehanna Bancshares reiterated a “hold” rating and set a $20.00 target price on shares of Knowles in a research note on Friday, April 29th. Finally, Susquehanna reiterated a “hold” rating and set a $20.00 target price on shares of Knowles in a research note on Friday, April 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.63.

Knowles Stock Performance

NYSE KN opened at $16.70 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.68 and a quick ratio of 1.45. Knowles has a 1 year low of $15.40 and a 1 year high of $23.81. The company has a market capitalization of $1.53 billion, a PE ratio of -14.15 and a beta of 1.36. The company has a fifty day moving average of $18.22 and a two-hundred day moving average of $19.73.

Insider Transactions at Knowles

In other news, SVP Raymond D. Cabrera sold 63,830 shares of the stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $19.07, for a total transaction of $1,217,238.10. Following the completion of the sale, the senior vice president now owns 83,131 shares in the company, valued at $1,585,308.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Cheryl L. Shavers sold 3,100 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $18.85, for a total value of $58,435.00. Following the completion of the sale, the director now owns 52,604 shares in the company, valued at $991,585.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Raymond D. Cabrera sold 63,830 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $19.07, for a total transaction of $1,217,238.10. Following the completion of the sale, the senior vice president now owns 83,131 shares of the company’s stock, valued at approximately $1,585,308.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,467 shares of company stock worth $2,741,898. Company insiders own 3.15% of the company’s stock.

Institutional Investors Weigh In On Knowles

A number of hedge funds have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. purchased a new position in Knowles in the first quarter valued at about $42,000. Meeder Asset Management Inc. purchased a new position in Knowles in the first quarter valued at about $43,000. Captrust Financial Advisors increased its holdings in Knowles by 65.5% in the first quarter. Captrust Financial Advisors now owns 3,003 shares of the communications equipment provider’s stock valued at $65,000 after buying an additional 1,188 shares in the last quarter. Parallel Advisors LLC increased its holdings in Knowles by 409.7% in the second quarter. Parallel Advisors LLC now owns 3,833 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 3,081 shares in the last quarter. Finally, KBC Group NV increased its holdings in Knowles by 45.7% in the second quarter. KBC Group NV now owns 7,832 shares of the communications equipment provider’s stock valued at $136,000 after buying an additional 2,458 shares in the last quarter. Institutional investors and hedge funds own 99.90% of the company’s stock.

About Knowles

(Get Rating)

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).

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