Needham Investment Management LLC Purchases New Holdings in Qnity Electronics, Inc. $Q

Needham Investment Management LLC acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, HoldingsChannel reports. The fund acquired 32,500 shares of the premier technology solutions leader’s stock, valued at approximately $2,654,000.

A number of other institutional investors have also recently bought and sold shares of Q. OMERS ADMINISTRATION Corp bought a new stake in Qnity Electronics in the 4th quarter valued at $624,000. Squarepoint Ops LLC bought a new stake in Qnity Electronics in the 4th quarter valued at $5,936,000. USS Investment Management Ltd acquired a new position in Qnity Electronics in the 4th quarter valued at $3,323,000. WealthTrust Axiom LLC acquired a new position in Qnity Electronics in the 4th quarter valued at $342,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Qnity Electronics during the 4th quarter worth $2,678,000.

Qnity Electronics Stock Up 6.7%

Q stock opened at $160.75 on Tuesday. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $171.52. The business has a 50-day simple moving average of $145.28 and a 200 day simple moving average of $115.37. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The company has a market cap of $33.65 billion and a PE ratio of 55.24.

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

Qnity Electronics Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on Q shares. Royal Bank Of Canada lifted their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Mizuho raised their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and an average price target of $151.33.

About Qnity Electronics