PFA Pension Forsikringsaktieselskab acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 170,006 shares of the premier technology solutions leader’s stock, valued at approximately $14,282,000. PFA Pension Forsikringsaktieselskab owned 0.08% of Qnity Electronics as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of Q. Moisand Fitzgerald Tamayo LLC bought a new stake in Qnity Electronics during the fourth quarter worth about $25,000. Dunhill Financial LLC bought a new stake in Qnity Electronics during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics during the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $27,000. Finally, Stephens Consulting LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $30,000.
Qnity Electronics Trading Up 0.1%
Q stock opened at $143.41 on Monday. The business has a 50-day moving average of $122.50. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $146.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The company has a market capitalization of $30.06 billion and a PE ratio of 78.37.
Qnity Electronics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 17.49%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a report on Friday, February 20th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings assumed coverage on shares of Qnity Electronics in a report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. Finally, Mizuho set a $120.00 target price on shares of Qnity Electronics in a report on Monday, February 23rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.29.
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.
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