One Capital Management LLC acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 118,083 shares of the premier technology solutions leader’s stock, valued at approximately $9,641,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $25,000. Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $26,000. Provenance Wealth Advisors LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $27,000. Finally, Motco purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $27,000.
Qnity Electronics Stock Down 2.7%
NYSE Q opened at $151.72 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $138.20 and a two-hundred day moving average of $110.48. The firm has a market capitalization of $31.76 billion and a price-to-earnings ratio of 52.14. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $171.52.
Qnity Electronics Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is presently 11.00%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on Q shares. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Mizuho raised their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. KeyCorp raised their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada raised their target price 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. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.33.
Get Our Latest Report on Qnity Electronics
Qnity Electronics Company 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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