Schwab Charles Investment Management Inc. Has $10.28 Million Stake in Knowles Corporation (KN)

Schwab Charles Investment Management Inc. lifted its position in shares of Knowles Corporation (NYSE:KN) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 673,099 shares of the communications equipment provider’s stock after buying an additional 32,850 shares during the period. Schwab Charles Investment Management Inc. owned 0.75% of Knowles worth $10,279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc increased its position in Knowles by 5.3% during the third quarter. Legal & General Group Plc now owns 72,813 shares of the communications equipment provider’s stock worth $1,112,000 after purchasing an additional 3,651 shares during the last quarter. Eagle Boston Investment Management Inc. increased its position in Knowles by 2.9% during the third quarter. Eagle Boston Investment Management Inc. now owns 456,800 shares of the communications equipment provider’s stock worth $7,116,000 after purchasing an additional 12,845 shares during the last quarter. American International Group Inc. increased its position in Knowles by 2.9% during the third quarter. American International Group Inc. now owns 242,044 shares of the communications equipment provider’s stock worth $3,696,000 after purchasing an additional 6,830 shares during the last quarter. Rothschild Asset Management Inc. increased its position in Knowles by 5.1% during the third quarter. Rothschild Asset Management Inc. now owns 1,840,970 shares of the communications equipment provider’s stock worth $28,112,000 after purchasing an additional 89,227 shares during the last quarter. Finally, Cipher Capital LP increased its position in Knowles by 16.1% during the third quarter. Cipher Capital LP now owns 120,802 shares of the communications equipment provider’s stock worth $1,844,000 after purchasing an additional 16,775 shares during the last quarter.

Several brokerages recently commented on KN. Zacks Investment Research raised shares of Knowles from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Knowles in a research report on Friday, October 27th. Piper Jaffray Companies began coverage on shares of Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price target for the company. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $20.00 price target on shares of Knowles in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Knowles currently has a consensus rating of “Hold” and a consensus price target of $18.90.

Shares of Knowles Corporation (NYSE KN) opened at $16.17 on Friday. Knowles Corporation has a 52-week low of $14.11 and a 52-week high of $19.90. The stock has a market cap of $1,450.00, a price-to-earnings ratio of -808.50, a PEG ratio of 2.14 and a beta of 0.76. The company has a quick ratio of 1.43, a current ratio of 2.39 and a debt-to-equity ratio of 0.29.

Knowles (NYSE:KN) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The company had revenue of $221.70 million during the quarter, compared to analyst estimates of $220.62 million. Knowles had a net margin of 0.25% and a return on equity of 6.13%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. research analysts forecast that Knowles Corporation will post 0.62 EPS for the current fiscal year.

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Knowles 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).

Institutional Ownership by Quarter for Knowles (NYSE:KN)

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