World Investment Advisors bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,307 shares of the premier technology solutions leader’s stock, valued at approximately $270,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in Q. GAMMA Investing LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $461,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at $526,000. Investors Research Corp purchased a new stake in Qnity Electronics during the fourth quarter worth about $102,000. Board of the Pension Protection Fund purchased a new stake in Qnity Electronics during the 4th quarter worth approximately $73,000. Finally, Canal Capital Management LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at $331,000.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. 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, May 13th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.33.
Qnity Electronics Price Performance
Qnity Electronics stock opened at $158.03 on Friday. The stock has a market capitalization of $33.08 billion and a P/E ratio of 54.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $177.28. The firm’s 50-day moving average is $151.77 and its two-hundred day moving average is $120.32.
Qnity Electronics (NYSE:Q – Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.31 billion for the quarter. The firm’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. Equities analysts predict that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.
Qnity Electronics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid 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 of this dividend is Monday, August 31st. Qnity Electronics’s payout ratio is currently 11.00%.
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.
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