Insider Buying: Qnity Electronics (NYSE:Q) Director Acquires 1,000 Shares of Stock

Qnity Electronics, Inc. (NYSE:Q) Director Byron Green acquired 1,000 shares of Qnity Electronics stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average cost of $79.12 per share, with a total value of $79,120.00. Following the completion of the transaction, the director directly owned 1,637 shares of the company’s stock, valued at $129,519.44. This trade represents a 156.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Qnity Electronics Stock Performance

Qnity Electronics stock traded up $3.02 during midday trading on Wednesday, reaching $102.47. The stock had a trading volume of 2,345,460 shares, compared to its average volume of 2,419,374. The stock has a market capitalization of $21.46 billion and a PE ratio of 101.46. The company’s fifty day moving average is $85.66. 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, Inc. has a 1-year low of $70.50 and a 1-year high of $107.84.

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 for the quarter, topping the consensus estimate of $0.69 by $0.32. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion.

Qnity Electronics Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 31.0%. Qnity Electronics’s payout ratio is 31.68%.

Institutional Investors Weigh In On Qnity Electronics

Several large investors have recently added to or reduced their stakes in Q. Arizona State Retirement System purchased a new stake in shares of Qnity Electronics in the fourth quarter worth about $4,697,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Qnity Electronics in the 4th quarter valued at $171,000. Diversified Enterprises LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter worth $285,000. Windward Capital Management Co. CA purchased a new stake in shares of Qnity Electronics in the fourth quarter worth $3,061,000. Finally, Outfitters Financial LLC bought a new stake in Qnity Electronics during the fourth quarter valued at $821,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on Q. Mizuho lowered their target price on Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. New Street Research set a $110.00 price target on Qnity Electronics in a research report on Monday, November 3rd. Wolfe Research initiated coverage on Qnity Electronics in a research note on Monday, November 3rd. They set an “outperform” rating and a $110.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Qnity Electronics in a research note on Monday, November 24th. They issued a “buy” rating and a $92.00 target price for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $118.00 target price on shares of Qnity Electronics in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

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.