Mraz Amerine & Associates Inc. Takes Position in Qnity Electronics, Inc. $Q

Mraz Amerine & Associates Inc. acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,009 shares of the premier technology solutions leader’s stock, valued at approximately $491,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC purchased a new stake in Qnity Electronics in the fourth quarter valued at $769,000. Cohen Klingenstein LLC purchased a new stake in Qnity Electronics in the fourth quarter valued at $587,000. KBC Group NV purchased a new stake in Qnity Electronics in the fourth quarter valued at $12,189,000. Delta Capital Management LLC purchased a new stake in Qnity Electronics in the fourth quarter valued at $1,141,000. Finally, Keybank National Association OH purchased a new stake in Qnity Electronics in the fourth quarter valued at $6,586,000.

Qnity Electronics Trading Down 0.2%

Q stock opened at $152.71 on Friday. The company’s 50-day simple moving average is $131.79 and its 200-day simple moving average is $107.48. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $171.52. The firm has a market cap of $31.97 billion and a P/E ratio of 52.48.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The business’s revenue for the quarter 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, equities analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 11.00%.

Wall Street Analysts Forecast Growth

Several research firms have commented on Q. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Royal Bank Of Canada upped their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Mizuho increased their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, KeyCorp increased their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.