Mengis Capital Management Inc. Invests $918,000 in Qnity Electronics, Inc. $Q

Mengis Capital Management Inc. purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,244 shares of the premier technology solutions leader’s stock, valued at approximately $918,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in Qnity Electronics during the fourth quarter worth about $2,226,626,000. State Street Corp acquired a new position in Qnity Electronics in the 4th quarter valued at about $728,894,000. Geode Capital Management LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $435,786,000. Invesco Ltd. purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $385,057,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $287,519,000.

Qnity Electronics Price Performance

Shares of Q opened at $169.15 on Friday. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The stock has a market cap of $35.41 billion and a PE ratio of 58.13. The firm has a 50-day simple moving average of $148.57 and a two-hundred day simple moving average of $117.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.31 billion during the quarter. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is 11.00%.

Wall Street Analysts Forecast Growth

Q has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. KeyCorp increased their price objective on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Mizuho raised their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.