Qnity Electronics, Inc. (NYSE:Q) Receives $103.67 Average PT from Analysts

Qnity Electronics, Inc. (NYSE:Q) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $105.00.

Several brokerages have commented on Q. Zacks Research upgraded shares of Qnity Electronics to a “hold” rating in a research report on Thursday, November 6th. Wall Street Zen raised Qnity Electronics to a “hold” rating in a research note on Friday, November 28th. Oppenheimer assumed coverage on Qnity Electronics in a report on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 price objective for the company. Mizuho reduced their target price on Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, New Street Research set a $110.00 target price on Qnity Electronics in a research report on Monday, November 3rd.

Qnity Electronics Trading Down 3.9%

NYSE:Q opened at $98.74 on Friday. The company has a market capitalization of $20.68 billion and a PE ratio of 97.76. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 0.18. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $107.84. The firm has a 50 day moving average price of $84.23.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.32. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion.

Qnity Electronics Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.06 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 31.0%. Qnity Electronics’s payout ratio is currently 23.76%.

Insider Activity

In other news, VP Michael G. Goss sold 1,895 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $84.79, for a total value of $160,677.05. Following the completion of the transaction, the vice president owned 13,305 shares of the company’s stock, valued at $1,128,130.95. The trade was a 12.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon D. Kemp sold 5,655 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $85.01, for a total transaction of $480,731.55. Following the completion of the sale, the chief executive officer owned 89,177 shares of the company’s stock, valued at approximately $7,580,936.77. This represents a 5.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,050 shares of company stock worth $827,659 over the last three months. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Evermay Wealth Management LLC acquired a new stake in Qnity Electronics in the 4th quarter valued at approximately $50,000. Westfuller Advisors LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $33,000. Yousif Capital Management LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $2,385,000. Greenleaf Trust bought a new stake in shares of Qnity Electronics in the fourth quarter worth $574,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Qnity Electronics during the fourth quarter worth $137,000.

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.