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News  ›  The Motley Fool

Hedge Fund Buys 622,500 Knowles Shares as Stock Outperforms S&P 500 — Should You?

The Motley Fool Logo The Motley Fool By Jonathan Ponciano
Hedge Fund Buys 622,500 Knowles Shares as Stock Outperforms S&P 500 — Should You?

Harvey Partners initiated a $14.5 million stake in Knowles Corporation, acquiring 622,500 shares in Q3. The company, which specializes in micro-acoustic components for various industries, has outperformed the S&P 500 with a 20% stock gain over the past year.

Insights
HPQ   positive

Mentioned as a technology partner contributing to IGEL's ecosystem


KN   positive

Strong Q3 performance with 7% revenue growth, expanding gross margins, positive earnings, healthy backlog, and projected 6% organic revenue growth