Victory Capital Management Sells 8933 Shares of Knowles Corporation
November 2, 2023
☀️Trending News
Victory Capital Management Inc. recently sold 8933 shares of Knowles Corporation ($NYSE:KN), a global leader in the design and manufacture of advanced micro-acoustic, audio processing and specialty component solutions. The company’s strong balance sheet and reputation for quality has made it a popular choice for investors looking to capitalize on the burgeoning audio technology industry.
Share Price
The stock opened at $13.1 and closed at $13.0, representing a decrease of 0.2% from the previous closing price. This sale does not appear to have had a major impact on the stock price, with shares maintaining their value compared to the last closing price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Knowles Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 692.6 | -196.9 | 3.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Knowles Corporation. More…
| Operations | Investing | Financing |
| 88.3 | -13.9 | -67.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Knowles Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.18k | 189.5 | 10.82 |
Key Ratios Snapshot
Some of the financial key ratios for Knowles Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.1% | -18.8% | -29.5% |
| FCF Margin | ROE | ROA |
| 9.0% | -13.0% | -10.9% |
Analysis
At GoodWhale, we have analyzed the fundamentals of KNOWLES CORPORATION. Our Star Chart rating system shows that they have a high health score of 8/10, indicating that they are in a stable enough financial position to sustain operations even through times of crisis. We classify KNOWLES CORPORATION as an ‘elephant’, meaning they have a wealth of assets after liabilities have been deducted. We believe that such a strong company will be of interest to a variety of investors. KNOWLES CORPORATION have strong assets and profitability, but are relatively weak in dividend payments and growth. Therefore, this company is likely to be attractive to value investors, who are looking for large holdings of good quality assets at low prices. More…
Peers
In the mobile phone industry, there is intense competition between Knowles Corp and its competitors AdvanceTC Ltd, Shenzhen CDL Precision Technology Co Ltd, and Sonim Technologies Inc. All four companies are vying for market share in the smartphone market.
– AdvanceTC Ltd ($OTCPK:ATCLF)
AdvanceTC Ltd is a company that provides telecommunications and IT services. It has a market cap of 12.16M as of 2022 and a return on equity of 271.78%. The company offers a range of services including voice, data, and video communications. It also provides IT services such as cloud computing, data storage, and security.
– Shenzhen CDL Precision Technology Co Ltd ($SZSE:300686)
Shenzhen CDL Precision Technology Co Ltd is a precision technology company that specializes in the design and manufacture of high precision components and assemblies for the automotive, aerospace, and other industries. The company has a market cap of 3.26B as of 2022 and a return on equity of 0.17%.
– Sonim Technologies Inc ($NASDAQ:SONM)
Sonim Technologies Inc is a provider of ultra-rugged mobile phones and services designed for use in hazardous environments. The company has a market cap of 16.64M as of 2022 and a return on equity of -234.74%. Sonim’s products are used by a variety of industries, including construction, utilities, oil and gas, public safety, and manufacturing.
Summary
Victory Capital Management Inc. recently sold 8933 shares of Knowles Corporation, a leading global supplier of advanced micro-acoustic, audio processing, and specialty component solutions. This divestiture comes as analysts have re-evaluated their outlook on the company due to increasing competition in the industry. In recent months, Knowles has been able to increase its market share and operational efficiency, allowing it to remain competitive despite the competition. Going forward, investors should keep an eye on Knowles’ financials, particularly its gross margins and operating cash flow, to understand the company’s current and future financial health.
Additionally, investors should monitor Knowles’ ability to provide innovative solutions that set it apart from competitors to remain competitive in the market.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
