Knowles (NYSE:KN) had its price target trimmed by JPMorgan Chase from $16.00 to $13.50 in a report published on Tuesday. The firm currently has a neutral rating on the communications equipment provider’s stock.
KN has been the topic of several other reports. Zacks Investment Research downgraded Knowles from a hold rating to a sell rating in a research note on Wednesday, February 14th. ValuEngine downgraded Knowles from a hold rating to a sell rating in a research note on Monday, April 2nd. Craig Hallum reiterated a buy rating and set a $16.00 target price (down from $17.00) on shares of Knowles in a research note on Monday, April 2nd. Finally, Lake Street Capital dropped their price target on Knowles from $19.00 to $17.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Knowles currently has an average rating of Hold and an average target price of $17.29.
Shares of KN opened at $11.00 on Tuesday. 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 has a 12 month low of $10.94 and a 12 month high of $19.90. The firm has a market cap of $1,031.84, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.87.
In other news, Director Didier Hirsch purchased 3,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of $14.45 per share, for a total transaction of $43,350.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders bought 8,180 shares of company stock worth $114,370. Company insiders own 3.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in Knowles by 222.6% in the 4th quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after purchasing an additional 5,618 shares during the period. Crossmark Global Holdings Inc. bought a new position in Knowles in the 4th quarter worth $170,000. We Are One Seven LLC bought a new position in Knowles in the 4th quarter worth $203,000. Xact Kapitalforvaltning AB bought a new position in Knowles in the 4th quarter worth $209,000. Finally, Investors Research Corp bought a new position in Knowles in the 4th quarter worth $216,000.
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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.
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