Handelsbanken Fonder AB Decreases Stock Position in Qnity Electronics, Inc. $Q

Handelsbanken Fonder AB lessened its holdings in Qnity Electronics, Inc. (NYSE:Q) by 26.5% during the 2nd quarter, Holdings Channel reports. The firm owned 79,174 shares of the premier technology solutions leader’s stock after selling 28,589 shares during the quarter. Handelsbanken Fonder AB’s holdings in Qnity Electronics were worth $12,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Qnity Electronics by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock worth $2,770,000 after purchasing an additional 77 shares during the last quarter. AMG National Trust Bank grew its holdings in Qnity Electronics by 3.4% in the first quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock valued at $298,000 after purchasing an additional 84 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in Qnity Electronics by 5.5% during the first quarter. First Citizens Bank & Trust Co. now owns 2,948 shares of the premier technology solutions leader’s stock worth $340,000 after purchasing an additional 154 shares during the last quarter. Finally, Patton Fund Management Inc. raised its stake in Qnity Electronics by 7.0% during the first quarter. Patton Fund Management Inc. now owns 2,812 shares of the premier technology solutions leader’s stock worth $324,000 after purchasing an additional 185 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Weiss Ratings downgraded Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada lowered their price target on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. One 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 company. Based on data from MarketBeat, Qnity Electronics currently has a consensus rating of “Buy” and a consensus target price of $151.78.

Qnity Electronics Price Performance

Q opened at $142.53 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28. The company has a 50 day moving average of $144.84 and a two-hundred day moving average of $133.17. The company has a market cap of $29.82 billion and a P/E ratio of 50.90.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.12. The business had revenue of $1.43 billion for the quarter. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts expect that Qnity Electronics, Inc. will post 4.52 earnings per share for the current year.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is 11.43%.

Insider Buying and Selling

In related news, Director Bondt Karin De acquired 1,000 shares of Qnity Electronics stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the purchase, the director directly owned 6,647 shares in the company, valued at $918,216.58. This trade represents a 17.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

About Qnity Electronics

Qnity Electronics, Inc (NYSE: Q) is a global supplier of materials and solutions used in semiconductor manufacturing and advanced electronics. The company develops technologies that support the production of integrated circuits, advanced semiconductor packages and other electronic components.

Its portfolio includes semiconductor process materials such as photoresists, dielectric and metallization materials, chemical-mechanical planarization products, cleaners and other specialty materials used during wafer fabrication and packaging.