Spinnaker Trust Takes $290,000 Position in Qnity Electronics, Inc. $Q

Spinnaker Trust bought a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,554 shares of the premier technology solutions leader’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $27,000. Finally, Motco acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $27,000.

Wall Street Analyst Weigh In

Q has been the subject of several analyst reports. KeyCorp boosted their target price 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. Royal Bank Of Canada boosted their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Mizuho upped their price objective on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Stock Up 2.6%

Shares of NYSE:Q opened at $155.86 on Wednesday. The company has a fifty day moving average of $138.20 and a 200-day moving average of $110.48. The company has a market capitalization of $32.63 billion and a PE 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 52-week low of $70.50 and a 52-week high of $171.52.

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 (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion for the quarter. Qnity Electronics’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, equities analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. 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 dividend payout ratio 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.