Kwmg LLC Trims Position in Qnity Electronics, Inc. $Q

Kwmg LLC trimmed its position in shares of Qnity Electronics, Inc. (NYSE:Q) by 23.7% during the 2nd quarter, Holdings Channel reports. The firm owned 12,594 shares of the premier technology solutions leader’s stock after selling 3,917 shares during the period. Kwmg LLC’s holdings in Qnity Electronics were worth $2,057,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in Qnity Electronics in the 4th quarter worth $2,226,626,000. State Street Corp bought a new stake in Qnity Electronics during the fourth quarter valued at about $728,894,000. Geode Capital Management LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at about $435,786,000. Invesco Ltd. purchased a new position in shares of Qnity Electronics in the fourth quarter valued at about $385,057,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Qnity Electronics by 741.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after acquiring an additional 3,855,617 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. BMO Capital Markets boosted their price target on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings cut Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Qnity Electronics in a research note on Wednesday. Finally, Mizuho lifted their price objective on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $151.78.

Qnity Electronics Stock Up 3.3%

Q opened at $137.78 on Friday. The firm has a 50-day simple moving average of $146.05 and a two-hundred day simple moving average of $131.77. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $177.28. The company has a market capitalization of $28.83 billion and a PE ratio of 49.21. The company has a quick ratio of 1.57, a current ratio of 2.01 and a debt-to-equity ratio of 0.53.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.12. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%.The firm had revenue of $1.43 billion for the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts forecast that Qnity Electronics, Inc. will post 4.62 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

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

Qnity Electronics Profile

Qnity Electronics, Inc is a materials and solutions provider serving the semiconductor and advanced electronics industries. The company develops materials used in semiconductor manufacturing, including products for wafer processing, lithography, interconnects, dielectric and metallization applications, chemical mechanical planarization, cleaning, and advanced packaging.

Its products are designed to support the production of integrated circuits, memory devices, advanced semiconductor packages, and other electronic components.