Qnity Electronics, Inc. $Q Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in shares of Qnity Electronics, Inc. (NYSE:Q) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,821 shares of the premier technology solutions leader’s stock after selling 4,301 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Qnity Electronics were worth $10,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in Qnity Electronics during the fourth quarter worth $461,000. Neville Rodie & Shaw Inc. acquired a new stake in Qnity Electronics in the fourth quarter valued at $526,000. Investors Research Corp acquired a new stake in Qnity Electronics in the fourth quarter valued at $102,000. Board of the Pension Protection Fund purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $73,000. Finally, Canal Capital Management LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $331,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Mizuho raised their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Royal Bank Of Canada lifted their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Qnity Electronics has a consensus rating of “Buy” and a consensus price target of $152.44.

Qnity Electronics Stock Performance

Qnity Electronics stock opened at $141.82 on Friday. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The company has a market capitalization of $29.69 billion and a price-to-earnings ratio of 48.74. The stock has a fifty day moving average of $153.37 and a two-hundred day moving average of $122.70. 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 (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, analysts anticipate 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 Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is presently 11.00%.

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.