Citizens Financial Group Inc. RI Invests $442,000 in Qnity Electronics, Inc. $Q

Citizens Financial Group Inc. RI bought a new stake in Qnity Electronics, Inc. (NYSE:Q) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,829 shares of the premier technology solutions leader’s stock, valued at approximately $442,000.

Several other large investors have also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC bought a new position in Qnity Electronics during the 4th quarter valued at $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics during the 4th quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Qnity Electronics during the 4th quarter valued at $27,000. Finally, Motco bought a new stake in shares of Qnity Electronics in the 4th quarter worth $27,000.

Qnity Electronics Price Performance

Shares of Q opened at $140.19 on Thursday. The company has a market capitalization of $29.35 billion and a price-to-earnings ratio of 48.18. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The business’s 50-day moving average is $153.28 and its 200-day moving average is $126.51.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.31 billion during the quarter. The business’s quarterly 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. Equities research analysts expect that Qnity Electronics, Inc. will post 4.15 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, August 31st. Qnity Electronics’s payout ratio is 11.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on Q. Mizuho boosted their price target on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada lowered their price objective on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Finally, Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $151.78.

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.