Knowles’ (KN) Buy Rating Reaffirmed at Roth Capital

Roth Capital restated their buy rating on shares of Knowles (NYSE:KN) in a research report released on Monday, Price Targets.com reports. Roth Capital currently has a $25.00 price target on the communications equipment provider’s stock.

A number of other equities analysts have also recently commented on the stock. Susquehanna reaffirmed a hold rating and issued a $22.00 target price on shares of Knowles in a report on Thursday, July 29th. TheStreet upgraded shares of Knowles from a c+ rating to a b- rating in a research report on Monday, August 23rd. Susquehanna Bancshares reiterated a hold rating and issued a $22.00 price objective on shares of Knowles in a research report on Thursday, July 29th. Finally, Zacks Investment Research upgraded shares of Knowles from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research report on Monday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $22.50.

KN stock opened at $18.52 on Monday. Knowles has a twelve month low of $14.03 and a twelve month high of $22.11. The company’s 50 day moving average is $19.67 and its two-hundred day moving average is $20.17. The stock has a market cap of $1.70 billion, a P/E ratio of 26.46, a PEG ratio of 1.71 and a beta of 1.37.

Knowles (NYSE:KN) last released its quarterly earnings data on Wednesday, July 28th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. The company had revenue of $199.80 million for the quarter, compared to analysts’ expectations of $195.40 million. Knowles had a net margin of 7.68% and a return on equity of 7.26%. On average, equities analysts predict that Knowles will post 1.12 EPS for the current year.

In other news, CEO Jeffrey Niew sold 121,396 shares of Knowles stock in a transaction on Friday, August 27th. The stock was sold at an average price of $19.99, for a total transaction of $2,426,706.04. Following the completion of the transaction, the chief executive officer now owns 541,777 shares of the company’s stock, valued at approximately $10,830,122.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.07% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new position in Knowles in the 1st quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in Knowles in the 2nd quarter valued at about $48,000. Federated Hermes Inc. acquired a new position in Knowles in the 1st quarter valued at about $51,000. Captrust Financial Advisors raised its stake in Knowles by 1,675.1% in the 1st quarter. Captrust Financial Advisors now owns 3,284 shares of the communications equipment provider’s stock valued at $69,000 after purchasing an additional 3,099 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Knowles by 1,092.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 6,545 shares of the communications equipment provider’s stock valued at $129,000 after purchasing an additional 5,996 shares during the last quarter.

About Knowles

Knowles Corp. supplies advanced micro-acoustic, audio processing and precision device solutions. It operates through the following segments: Audio and Precision Devices. The Audio segment includes analog and digital micro-electro-mechanical systems microphones, electret condenser microphones, smart microphones, ultrasonic sensors, acoustic processors and balanced armature speakers.

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Analyst Recommendations for Knowles (NYSE:KN)

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