Peapack Gladstone Financial Corp Invests $3.79 Million in Qnity Electronics, Inc. $Q

Peapack Gladstone Financial Corp acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,467 shares of the premier technology solutions leader’s stock, valued at approximately $3,794,000.

A number of other hedge funds have also modified their holdings of Q. GAMMA Investing LLC purchased a new position in shares of Qnity Electronics during the 4th quarter worth approximately $461,000. Neville Rodie & Shaw Inc. purchased a new position in shares of Qnity Electronics during the 4th quarter worth approximately $526,000. Investors Research Corp purchased a new position in shares of Qnity Electronics during the 4th quarter worth approximately $102,000. Board of the Pension Protection Fund purchased a new stake in Qnity Electronics in the 4th quarter worth approximately $73,000. Finally, Canal Capital Management LLC purchased a new stake in Qnity Electronics in the 4th quarter worth approximately $331,000.

Analysts Set New Price Targets

Several analysts have commented on Q shares. KeyCorp lifted 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Mizuho lifted 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, Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Stock Up 2.6%

Q stock opened at $155.86 on Wednesday. The stock has a market capitalization of $32.63 billion and a P/E ratio of 53.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52. The company has a 50 day moving average price of $138.20 and a two-hundred day moving average price of $110.48.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is 11.00%.

Qnity Electronics Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.