California Public Employees Retirement System cut its position in Knowles Corp. (NYSE:KN) by 2.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 268,406 shares of the company’s stock after selling 6,900 shares during the period. California Public Employees Retirement System’s holdings in Knowles Corp. were worth $3,771,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Creative Planning boosted its stake in Knowles Corp. by 0.6% in the third quarter. Creative Planning now owns 97,418 shares of the company’s stock worth $1,369,000 after buying an additional 568 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Knowles Corp. during the second quarter worth $138,000. Aristotle Capital Boston LLC boosted its stake in Knowles Corp. by 4.3% in the second quarter. Aristotle Capital Boston LLC now owns 283,986 shares of the company’s stock worth $3,885,000 after buying an additional 11,651 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in Knowles Corp. during the second quarter worth $811,000. Finally, Prudential Financial Inc. boosted its stake in Knowles Corp. by 1.6% in the second quarter. Prudential Financial Inc. now owns 71,528 shares of the company’s stock worth $979,000 after buying an additional 1,100 shares in the last quarter.

Institutional Ownership by Quarter for Knowles Corp. (NYSE:KN)

Knowles Corp. (NYSE:KN) traded up 0.31% on Wednesday, reaching $16.03. The company’s stock had a trading volume of 562,590 shares. The company’s market cap is $1.42 billion. Knowles Corp. has a 12 month low of $9.68 and a 12 month high of $17.10. The stock’s 50 day moving average price is $15.17 and its 200 day moving average price is $14.47.

Knowles Corp. (NYSE:KN) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.07. The company earned $243.10 million during the quarter, compared to the consensus estimate of $233.11 million. Knowles Corp. had a negative net margin of 26.75% and a positive return on equity of 6.11%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. Equities research analysts forecast that Knowles Corp. will post $0.90 earnings per share for the current year.

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KN has been the subject of several research reports. TheStreet raised Knowles Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Robert W. Baird raised Knowles Corp. from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $17.00 to $20.00 in a research note on Monday, November 14th. Zacks Investment Research raised Knowles Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Saturday, October 29th. Roth Capital initiated coverage on Knowles Corp. in a research note on Thursday, September 29th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Susquehanna initiated coverage on Knowles Corp. in a research note on Tuesday, September 20th. They issued a “negative” rating and a $12.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.73.

About Knowles Corp.

Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. It uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables.

5 Day Chart for NYSE:KN

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