MidFirst Bank Buys New Shares in Qnity Electronics, Inc. $Q

MidFirst Bank purchased a new position in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,107 shares of the premier technology solutions leader’s stock, valued at approximately $744,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth about $25,000. Dunhill Financial LLC bought a new stake in Qnity Electronics in the 4th quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics in the 4th quarter valued at about $26,000. Motco acquired a new position in Qnity Electronics during the 4th quarter worth approximately $27,000. Finally, Provenance Wealth Advisors LLC acquired a new position in Qnity Electronics during the 4th quarter worth approximately $27,000.

Qnity Electronics Stock Up 0.1%

Shares of NYSE:Q opened at $169.15 on Friday. The business’s 50 day moving average is $148.57 and its 200 day moving average is $117.41. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $171.52. The stock has a market cap of $35.41 billion and a price-to-earnings ratio of 58.13. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.31 billion during the quarter. The firm’s revenue for the quarter 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. On average, sell-side analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued 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 dividend payout ratio is currently 11.00%.

Analyst Upgrades and Downgrades

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

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.