US Bancorp DE Invests $8.43 Million in Qnity Electronics, Inc. $Q

US Bancorp DE purchased a new position in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 103,295 shares of the premier technology solutions leader’s stock, valued at approximately $8,434,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cohen Klingenstein LLC acquired a new position in shares of Qnity Electronics in the 4th quarter worth approximately $587,000. KBC Group NV acquired a new position in shares of Qnity Electronics in the 4th quarter worth approximately $12,189,000. Delta Capital Management LLC acquired a new position in shares of Qnity Electronics in the 4th quarter worth approximately $1,141,000. Quantum Financial Advisors LLC acquired a new position in shares of Qnity Electronics in the 4th quarter worth approximately $854,000. Finally, Yousif Capital Management LLC acquired a new position in shares of Qnity Electronics in the 4th quarter worth approximately $2,385,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on Q shares. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Mizuho set a $120.00 price target on shares of Qnity Electronics in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 target price on shares of Qnity Electronics in a research report on Friday, February 20th. Royal Bank Of Canada boosted their target price on shares of Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings initiated coverage on shares of 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 data from MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

Qnity Electronics Stock Up 0.1%

Qnity Electronics stock opened at $143.41 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $146.67. The company’s fifty day moving average is $122.50. The firm has a market cap of $30.06 billion and a P/E ratio of 78.37.

Qnity Electronics (NYSE:Q) last released its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The company’s 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. Sell-side analysts expect that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. 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 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.