According to TipRanks.com, Soderberg is a 1-star analyst with an average return of -2.2% and a 41.0% success rate. Soderberg covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Lattice Semicon, and Axon Enterprise.
The word on The Street in general, suggests a Hold analyst consensus rating for Knowles with a $22.00 average price target, an 11.1% upside from current levels. In a report released yesterday, Susquehanna also reiterated a Hold rating on the stock with a $22.00 price target.
Based on Knowles’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $201 million and net profit of $12.5 million. In comparison, last year the company earned revenue of $163 million and had a GAAP net loss of $9.1 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KN in relation to earlier this year.
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Knowles Corp. supplies advanced micro-acoustic, audio processing and precision device solutions. It operates through the following segments: Audio and Precision Devices. The Audio segment includes analog and digital micro-electro-mechanical systems microphones, electret condenser microphones, smart microphones, ultrasonic sensors, acoustic processors and balanced armature speakers. The Precision Devices segment offers ceramic capacitors, electromagnetic interference filters, capacitors, single layer capacitors, precision variable capacitors, and thin film devices across diverse end markets, such as industrial, defense, aerospace, medical, and telecommunications markets. The company was founded by Hugh Knowles in 1946 and is headquartered in Itasca, IL.