Staley Capital Advisers Inc. Takes Position in Qnity Electronics, Inc. $Q

Staley Capital Advisers Inc. bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 373,577 shares of the premier technology solutions leader’s stock, valued at approximately $30,503,000. Qnity Electronics comprises about 1.3% of Staley Capital Advisers Inc.’s portfolio, making the stock its 25th largest holding. Staley Capital Advisers Inc. owned 0.18% of Qnity Electronics at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of Q. iA Global Asset Management Inc. acquired a new position in Qnity Electronics in the fourth quarter valued at $89,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of Qnity Electronics during the fourth quarter worth about $360,000. Center for Financial Planning Inc. acquired a new position in Qnity Electronics in the 4th quarter valued at about $35,000. 1620 Investment Advisors Inc. purchased a new stake in Qnity Electronics during the 4th quarter valued at approximately $262,000. Finally, Stephens Inc. AR purchased a new stake in Qnity Electronics during the 4th quarter valued at approximately $590,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on Q shares. Royal Bank Of Canada lifted their target price on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday. Mizuho raised their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Trading Down 4.4%

Q stock opened at $156.91 on Friday. The firm has a market capitalization of $32.85 billion and a P/E ratio of 85.74. The stock’s 50 day moving average is $128.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.46. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion for the quarter. The business’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, research analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

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

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.