Kentucky Retirement Systems Insurance Trust Fund Takes $450,000 Position in Qnity Electronics, Inc. $Q

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,508 shares of the premier technology solutions leader’s stock, valued at approximately $450,000.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in shares of Qnity Electronics in the 4th quarter valued at $2,226,626,000. Geode Capital Management LLC bought a new stake in Qnity Electronics during the 4th quarter valued at $435,786,000. Norges Bank bought a new stake in Qnity Electronics during the 4th quarter valued at $187,700,000. Massachusetts Financial Services Co. MA acquired a new position in Qnity Electronics during the fourth quarter worth $125,587,000. Finally, UBS Group AG bought a new position in shares of Qnity Electronics in the fourth quarter valued at $120,414,000.

Qnity Electronics Price Performance

Q opened at $155.90 on Monday. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The company has a market capitalization of $32.64 billion and a price-to-earnings ratio of 53.57. The firm’s fifty day moving average price is $137.41 and its two-hundred day moving average price is $110.09.

Qnity Electronics (NYSE:Q) last announced its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion during the quarter. Qnity Electronics’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, analysts anticipate that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 11.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Mizuho increased their price objective on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Company Profile

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