Penobscot Investment Management Company Inc. Takes $484,000 Position in Qnity Electronics, Inc. $Q

Penobscot Investment Management Company Inc. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,931 shares of the premier technology solutions leader’s stock, valued at approximately $484,000.

A number of other institutional investors also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at $25,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at $26,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at $27,000. Stephens Consulting LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at $30,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at $32,000.

Qnity Electronics Stock Up 3.2%

Shares of Q opened at $139.21 on Thursday. The stock has a market cap of $29.18 billion and a PE ratio of 76.07. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $118.96. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $140.60.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.18. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Qnity Electronics’s quarterly revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. Sell-side analysts expect that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is 17.49%.

Analyst Ratings Changes

Q has been the subject of a number of research reports. KeyCorp upped their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings started coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $126.00 price target on shares of Qnity Electronics in a research report on Friday, February 20th. Mizuho set a $120.00 price target on shares of Qnity Electronics in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Qnity Electronics currently has an average rating of “Buy” and a consensus target price of $120.86.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.