Palantir Technologies lifts guidance after Q2 results beat Wall Street estimates
Knowles Corp (NYSE:KN) President and CEO Jeffrey Niew recently sold shares of the company, according to a regulatory filing. On December 10, 2024, Niew sold 4,423 shares of Knowles common stock at a price of $19.50 per share, amounting to a total transaction value of $86,248. This sale was related to the liquidation of shares previously held under Knowles Corporation’s 401(k) plan, following the company’s decision to eliminate the Knowles Stock Fund as an investment option. The transaction comes as InvestingPro data shows management has been actively buying back shares, with the company maintaining a high shareholder yield.
In addition to this sale, Niew also acquired shares through different transactions. On February 18, 2025, he acquired 96,263 shares at $18.34 each and 107,961 shares at no cost, as part of the company’s equity incentive plans. These acquisitions were valued at a total of approximately $1,765,463. Furthermore, 42,645 shares were withheld to cover tax liabilities, valued at $18.34 per share, totaling $782,109. The stock currently trades at $17.98, with a market capitalization of $1.57 billion and operates with a moderate level of debt.
After these transactions, Niew holds 956,826 shares directly. According to InvestingPro analysis, Knowles Corp currently appears overvalued compared to its Fair Value, with 8 additional exclusive ProTips and a comprehensive Pro Research Report available for deeper insight into the company’s financial health and future prospects.
In other recent news, Knowles Corporation announced its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company reported an earnings per share (EPS) of $0.27, slightly below the forecasted $0.28, and revenue of $142.5 million, missing the expected $146 million. Despite these misses, Knowles experienced a 2% year-over-year revenue increase for the quarter and a 21% revenue growth from continuing operations for the full year. The company also completed the sale of its consumer MEMS microphone business and secured a significant $75 million order in the energy sector.
Looking ahead, Knowles has provided guidance for the first quarter of 2025, with expected revenue between $124 million and $134 million and an EPS range of $0.16 to $0.20. The company anticipates a return to revenue and earnings growth in the second quarter of 2025. Analysts from Craig Hallum and CJS Securities have shown interest in the company’s pricing pressures and inventory levels. Knowles’ management has expressed confidence in resolving production challenges related to its specialty film capacitor line by mid-2025, which could positively impact future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.