Swiss National Bank Purchases 2,000 Shares of Knowles Corporation (KN)
Swiss National Bank boosted its position in Knowles Corporation (NYSE:KN) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,700 shares of the communications equipment provider’s stock after buying an additional 2,000 shares during the period. Swiss National Bank owned approximately 0.16% of Knowles Corporation worth $2,780,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of KN. Bank of Montreal Can increased its position in Knowles Corporation by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 562 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Knowles Corporation by 31.5% in the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock worth $182,000 after buying an additional 2,300 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Knowles Corporation during the fourth quarter worth about $187,000. Bbva Compass Bancshares Inc. increased its position in Knowles Corporation by 6.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 12,047 shares of the communications equipment provider’s stock worth $228,000 after buying an additional 738 shares during the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in Knowles Corporation during the fourth quarter worth about $238,000.
Shares of Knowles Corporation (KN) opened at 17.31 on Friday. Knowles Corporation has a 52 week low of $12.57 and a 52 week high of $19.90. The stock’s market capitalization is $1.54 billion. The company’s 50 day moving average price is $17.72 and its 200-day moving average price is $17.94.
Knowles Corporation (NYSE:KN) last released its earnings results on Wednesday, April 26th. The communications equipment provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Knowles Corporation had a positive return on equity of 6.69% and a negative net margin of 1.86%. The company had revenue of $193.70 million for the quarter, compared to analyst estimates of $190 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts predict that Knowles Corporation will post $1.00 EPS for the current year.
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A number of research firms have recently issued reports on KN. BidaskClub downgraded Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Dougherty & Co began coverage on Knowles Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $22.00 price target on the stock. Finally, Zacks Investment Research downgraded Knowles Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Knowles Corporation presently has an average rating of “Hold” and a consensus target price of $17.86.
Knowles Corporation Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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