Arvin Capital Management LP purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 115,354 shares of the premier technology solutions leader’s stock, valued at approximately $9,419,000. Qnity Electronics comprises 1.8% of Arvin Capital Management LP’s investment portfolio, making the stock its 19th biggest position. Arvin Capital Management LP owned approximately 0.06% of Qnity Electronics as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics during the 4th quarter worth $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics during the 4th quarter worth $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Qnity Electronics during the 4th quarter worth $26,000. Motco bought a new stake in shares of Qnity Electronics during the 4th quarter worth $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics during the 4th quarter worth $27,000.
Qnity Electronics Price Performance
NYSE Q opened at $150.42 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $144.40 and a 200 day simple moving average of $114.50. The company has a market cap of $31.49 billion and a P/E ratio of 51.69. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52.
Qnity Electronics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is 11.00%.
Analyst Upgrades and Downgrades
Q has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. KeyCorp upped their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Mizuho upped their price objective on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.33.
About Qnity Electronics
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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