44,960 Shares in Qnity Electronics, Inc. $Q Bought by Comerica Bank

Comerica Bank bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,960 shares of the premier technology solutions leader’s stock, valued at approximately $3,671,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in Qnity Electronics in the fourth quarter valued at $2,226,626,000. Massachusetts Financial Services Co. MA acquired a new position in Qnity Electronics in the fourth quarter valued at $125,587,000. UBS Group AG acquired a new position in Qnity Electronics in the fourth quarter valued at $120,414,000. Allspring Global Investments Holdings LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $44,200,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Qnity Electronics in the fourth quarter valued at $38,158,000.

Qnity Electronics Stock Performance

Shares of NYSE:Q opened at $143.41 on Monday. The company has a 50-day simple moving average of $122.50. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $146.67. 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 stock has a market capitalization of $30.06 billion and a PE ratio of 78.37.

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

Qnity Electronics Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings assumed coverage on shares of Qnity Electronics in a research note on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. 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. Mizuho set a $120.00 price objective on shares of Qnity Electronics in a research note on Monday, February 23rd. Royal Bank Of Canada upped their price objective on shares of Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.29.

Qnity Electronics Company Profile

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