Knowles Corp (KN) was Initiated by The Benchmark Company to “Hold” and the brokerage firm has set the Price Target at $15. The Benchmark Company advised their investors in a research report released on Jun 29, 2016.
Many Wall Street Analysts have commented on Knowles Corp. Company shares were Reiterated by Topeka Capital Markets on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $15 .Company shares were Reiterated by Craig Hallum on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .Company shares were Reiterated by Lake Street on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .
On the company’s financial health, Knowles Corp reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.03. The company had revenue of $185.30 million for the quarter, compared to analysts expectations of $180.18 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.
Knowles Corp closed down -0.86 points or -6.14% at $13.14 with 13,37,372 shares getting traded on Monday. Post opening the session at $13.76, the shares hit an intraday low of $12.91 and an intraday high of $13.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 22, 2016, Jeffrey Niew (President & CEO) sold 4,467 shares at $11.15 per share price. According to the SEC, on Feb 19, 2016, Didier Hirsch (director) purchased 2,000 shares at $11.10 per share price. On Feb 19, 2016, Gordon A. Walker (President, Acoustics) purchased 9,000 shares at $10.87 per share price, according to the Form-4 filing with the securities and exchange commission.
Knowles Corporation (Knowles) is a supplier of micro-acoustic solutions and specialty components serving the mobile communications consumer electronics medical technology military aerospace and industrial markets. The Company operates micro-electro-mechanical systems (MEMS) microphones speakers and receivers which are used in smartphones tablets and mobile handsets. The Company’s segments include Mobile Consumer Electronics (MCE) and Specialty Components (SC). MCE includes analog and digital microphones MEMS microphones surface mounted device microphones multi-functional devices and integrated audio sub-systems among others. SC includes transducers oscillators capacitors and filters. The Company is also a manufacturer of transducers used in hearing aids and other medical devices and capacitor components which provide various types of communication. The Company’s wholly owned subsidiary Audience Inc. offers intelligent audio and signal processing solutions.