Westpac Banking Corp Makes New Investment in Qnity Electronics, Inc. $Q

Westpac Banking Corp purchased a new position in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,554 shares of the premier technology solutions leader’s stock, valued at approximately $5,108,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in Qnity Electronics in the fourth quarter worth approximately $769,000. Cohen Klingenstein LLC bought a new position in Qnity Electronics in the fourth quarter worth approximately $587,000. KBC Group NV bought a new position in Qnity Electronics in the fourth quarter worth approximately $12,189,000. Delta Capital Management LLC bought a new position in shares of Qnity Electronics in the fourth quarter valued at approximately $1,141,000. Finally, Keybank National Association OH bought a new position in shares of Qnity Electronics in the fourth quarter valued at approximately $6,586,000.

Qnity Electronics Stock Up 2.6%

Q stock opened at $155.86 on Wednesday. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $138.20 and its 200-day moving average is $110.48. The firm has a market capitalization of $32.63 billion and a PE ratio of 53.56.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results 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 business 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. Sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on Q. Mizuho raised their target price on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Royal Bank Of Canada raised their target price on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a report on Wednesday, May 13th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.33.

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.