Brandywine Oak Private Wealth LLC acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 18,082 shares of the premier technology solutions leader’s stock, valued at approximately $1,476,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics during the fourth quarter valued at $26,000. Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $27,000. Finally, Stephens Consulting LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $30,000.
Qnity Electronics Price Performance
Shares of Q stock opened at $147.24 on Friday. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $151.36. The company’s fifty day simple moving average is $124.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95. The company has a market cap of $30.86 billion and a P/E ratio of 80.46.
Qnity Electronics Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is presently 17.49%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. KeyCorp raised their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Royal Bank Of Canada raised their price target on Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $170.00 price target on shares of Qnity Electronics in a report on Thursday. Finally, Weiss Ratings assumed coverage on Qnity Electronics in a report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Qnity Electronics presently has an average rating of “Moderate Buy” and an average price target of $129.57.
View Our Latest Stock Analysis on Q
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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