King Luther Capital Management Corp Sells 7,672 Shares of Qnity Electronics, Inc. $Q

King Luther Capital Management Corp lowered its stake in shares of Qnity Electronics, Inc. (NYSE:Q) by 8.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,428 shares of the premier technology solutions leader’s stock after selling 7,672 shares during the period. King Luther Capital Management Corp’s holdings in Qnity Electronics were worth $9,987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of Q. Maryland State Retirement & Pension System boosted its holdings in Qnity Electronics by 15.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 12,804 shares of the premier technology solutions leader’s stock worth $1,610,000 after buying an additional 1,749 shares during the last quarter. First Command Advisory Services Inc. lifted its position in shares of Qnity Electronics by 30.6% in the third quarter. First Command Advisory Services Inc. now owns 713 shares of the premier technology solutions leader’s stock valued at $90,000 after acquiring an additional 167 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Qnity Electronics by 7.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 48,224 shares of the premier technology solutions leader’s stock valued at $6,064,000 after purchasing an additional 3,393 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in shares of Qnity Electronics by 6.5% in the third quarter. Mesirow Financial Investment Management Inc. now owns 4,946 shares of the premier technology solutions leader’s stock worth $622,000 after buying an additional 301 shares in the last quarter. Finally, Flynn Zito Capital Management LLC boosted its holdings in shares of Qnity Electronics by 5.3% during the 3rd quarter. Flynn Zito Capital Management LLC now owns 2,769 shares of the premier technology solutions leader’s stock worth $348,000 after purchasing an additional 139 shares during the last quarter.

Wall Street Analyst Weigh In

Q has been the topic of several analyst reports. Barclays lifted their price target on Qnity Electronics from $211.00 to $216.00 and gave the stock an “overweight” rating in a report on Friday, November 6th. Truist Financial initiated coverage on shares of Qnity Electronics in a research report on Wednesday, October 14th. They set a “buy” rating and a $170.00 price target on the stock. Weiss Ratings lowered shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Deutsche Bank restated a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Qnity Electronics currently has a consensus rating of “Buy” and a consensus price target of $164.78.

Qnity Electronics Stock Down 3.1%

Q stock opened at $122.63 on Friday. Qnity Electronics, Inc. has a one year low of $72.81 and a one year high of $177.28. The firm has a market cap of $25.63 billion and a PE ratio of 27.82. The firm’s 50 day moving average price is $121.52 and its 200-day moving average price is $129.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.58 and a current ratio of 2.09.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Wednesday, November 4th. The premier technology solutions leader reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.28. Qnity Electronics had a return on equity of 12.63% and a net margin of 10.16%. The company had revenue of $1.56 billion during the quarter. On average, equities research analysts anticipate that Qnity Electronics, Inc. will post 5.00 EPS for the current year.

Qnity Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, November 30th. Qnity Electronics’s dividend payout ratio is 12.03%.

About Qnity Electronics

Qnity Electronics develops materials and technologies used in semiconductor manufacturing and electronic interconnect applications. Its products support processes such as chip fabrication and advanced packaging, as well as the production and assembly of circuit boards. The company serves customers across the global electronics supply chain, including semiconductor manufacturers and makers of electronic components. Its portfolio includes materials designed to help enable reliable, high-performance devices and connections.