Knowles Sells Consumer MEMS Business to Syntiant

The latest announcement is out from Knowles ( (KN) ).

Knowles Corporation has completed the sale of its Consumer MEMS Microphones business to Syntiant Corp, as part of its strategic transformation to focus on higher value markets. The transaction, valued at $70 million cash and $80 million in preferred stock, includes various agreements and Knowles retains certain board rights, marking a significant milestone in its strategic shift.

More about Knowles

Knowles Corporation is a leading manufacturer of specialty electronic components, including capacitors, RF filters, advanced medtech microphones, and balanced armature speakers. The company focuses on high-value markets in MedTech, Defense, and Industrial sectors, providing custom engineering solutions and scalable manufacturing for demanding applications globally.

YTD Price Performance: 11.56%

Average Trading Volume: 580,962

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.76B

For detailed information about KN stock, go to TipRanks’ Stock Analysis page.