Profund Advisors LLC Invests $1.16 Million in Qnity Electronics, Inc. $Q

Profund Advisors LLC bought a new position in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, Holdings Channel reports. The institutional investor bought 14,262 shares of the premier technology solutions leader’s stock, valued at approximately $1,164,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in Qnity Electronics during the fourth quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in shares of Qnity Electronics in the 4th quarter worth about $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics in the 4th quarter valued at about $26,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Qnity Electronics during the 4th quarter worth about $27,000. Finally, Stephens Consulting LLC purchased a new stake in shares of Qnity Electronics during the 4th quarter worth about $30,000.

Qnity Electronics Price Performance

Q opened at $153.15 on Thursday. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The firm has a market cap of $32.06 billion and a price-to-earnings ratio of 52.63. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $131.02 and a 200 day simple moving average of $107.16.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm 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. Equities research analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Company Profile