Qnity Electronics (NYSE:Q) Reaches New 52-Week High – Here’s Why

Qnity Electronics, Inc. (NYSE:Q)’s share price hit a new 52-week high on Monday . The stock traded as high as $176.49 and last traded at $175.2050, with a volume of 26183 shares trading hands. The stock had previously closed at $168.98.

Analysts Set New Price Targets

Q has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Mizuho raised their price objective on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. 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 report on Friday, February 27th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Stock Performance

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’s 50-day moving average is $150.09 and its two-hundred day moving average is $118.93. The stock has a market capitalization of $33.76 billion and a P/E ratio of 55.42.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. The firm’s revenue 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 anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

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

Institutional Trading of Qnity Electronics

Several hedge funds have recently added to or reduced their stakes in Q. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics during the fourth quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Qnity Electronics in the fourth quarter worth about $26,000. Finally, Provenance Wealth Advisors LLC acquired a new stake in Qnity Electronics in the fourth quarter worth about $27,000.

About Qnity Electronics