Knowles (NYSE:KN) Downgraded to “Hold” Rating by Craig Hallum

Craig Hallum downgraded shares of Knowles (NYSE:KN) from a buy rating to a hold rating in a research report released on Friday morning, Marketbeat reports. The firm currently has $17.00 price target on the communications equipment provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. Susquehanna dropped their price target on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th.

Knowles Stock Performance

Shares of Knowles stock opened at $18.36 on Friday. Knowles has a 12-month low of $15.00 and a 12-month high of $20.85. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $19.56 and its 200-day moving average is $18.47.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%.

Institutional Investors Weigh In On Knowles

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Knowles by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,561,358 shares of the communications equipment provider’s stock valued at $230,418,000 after buying an additional 82,827 shares in the last quarter. Franklin Resources Inc. grew its holdings in Knowles by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider’s stock valued at $169,135,000 after buying an additional 265,814 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Knowles by 54,279.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider’s stock valued at $47,268,000 after buying an additional 2,616,805 shares in the last quarter. Wellington Management Group LLP grew its holdings in Knowles by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 2,499,431 shares of the communications equipment provider’s stock valued at $49,814,000 after buying an additional 106,763 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Knowles by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,226,761 shares of the communications equipment provider’s stock valued at $44,379,000 after buying an additional 54,404 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

About Knowles

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).