Legal & General Group Plc Takes $112.53 Million Position in Qnity Electronics, Inc. $Q

Legal & General Group Plc purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,378,253 shares of the premier technology solutions leader’s stock, valued at approximately $112,534,000. Legal & General Group Plc owned 0.66% of Qnity Electronics as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $25,000. Dunhill Financial LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $27,000. Finally, Motco acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $27,000.

Analyst Ratings Changes

A number of research firms recently issued reports on Q. BMO Capital Markets reissued an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Mizuho increased their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, KeyCorp upped their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Qnity Electronics currently has an average rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Trading Down 0.1%

Shares of NYSE:Q opened at $159.03 on Friday. The company’s 50-day moving average price is $136.57 and its two-hundred day moving average price is $109.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52. The stock has a market capitalization of $33.29 billion and a PE ratio of 54.65.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. The company’s revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, equities analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company 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 11.00%.

Qnity Electronics Profile

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