Pictet Asset Management Holding SA Purchases Shares of 99,122 Qnity Electronics, Inc. $Q

Pictet Asset Management Holding SA purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 99,122 shares of the premier technology solutions leader’s stock, valued at approximately $8,093,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. State of Michigan Retirement System acquired a new position in Qnity Electronics in the fourth quarter valued at approximately $4,478,000. Supplemental Annuity Collective Trust of NJ acquired a new position in Qnity Electronics in the fourth quarter valued at approximately $243,000. Verdence Capital Advisors LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth approximately $269,000. UBS Group AG acquired a new position in shares of Qnity Electronics during the fourth quarter worth approximately $120,414,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth approximately $1,473,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. KeyCorp upped their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Royal Bank Of Canada upped their target price on Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Mizuho set a $120.00 target price on Qnity Electronics in a research report on Monday, February 23rd. Finally, Weiss Ratings assumed coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating on the stock. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

Qnity Electronics Trading Up 2.0%

NYSE Q opened at $143.41 on Friday. The stock has a market cap of $30.06 billion and a price-to-earnings ratio of 78.37. The company has a fifty day moving average of $122.50. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $146.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Qnity Electronics’s quarterly revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. As a group, sell-side analysts predict that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

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

Qnity Electronics Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.