Reynders McVeigh Capital Management LLC Acquires New Shares in Qnity Electronics, Inc. $Q

Reynders McVeigh Capital Management LLC acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, Holdings Channel.com reports. The firm acquired 4,262 shares of the premier technology solutions leader’s stock, valued at approximately $348,000.

A number of other hedge funds have also bought and sold shares of Q. Vanguard Group Inc. purchased a new position in Qnity Electronics in the 4th quarter valued at approximately $2,226,626,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Qnity Electronics during the 4th quarter valued at $125,587,000. UBS Group AG purchased a new position in shares of Qnity Electronics during the 4th quarter valued at $120,414,000. M&T Bank Corp purchased a new position in shares of Qnity Electronics during the 4th quarter valued at $65,334,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Qnity Electronics during the 4th quarter valued at $44,200,000.

Qnity Electronics Stock Performance

Shares of NYSE:Q opened at $141.02 on Tuesday. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $146.67. The stock has a fifty day moving average of $122.50. The stock has a market capitalization of $29.56 billion and a price-to-earnings ratio of 77.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46.

Qnity Electronics (NYSE:Q) last announced its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. The company’s revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. On average, sell-side analysts forecast that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is 17.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on Q shares. KeyCorp boosted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings started coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 price target on shares of Qnity Electronics in a research report on Friday, February 20th. Royal Bank Of Canada boosted their price target on shares of Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Mizuho set a $120.00 price target on shares of Qnity Electronics in a research report on Monday, February 23rd. Six 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, Qnity Electronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

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.