KN - Knowles - Product Line Expansion Leads To Accelerating Revenue Growth With 40% Upside
Knowles (KN) is an underappreciated semiconductor player whose revenue growth is accelerating and is holding firm on operating costs to rapidly expand EPS. Historically Knowles has sold microphones, first into the hearing aid market and then into the mobile phone market. This market expansion led to revenue growth but also led to dependence on Apple and Samsung unit growth, which has slowed in recent years. Knowles then decided to leverage its audio expertise into mics for adjacent markets and audio processing chips both for mobile and other adjacencies.
Knowles current revenue is made