OP Asset Management Ltd Acquires Shares of 19,725 Qnity Electronics, Inc. $Q

OP Asset Management Ltd acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 1st quarter, Holdings Channel reports. The fund acquired 19,725 shares of the premier technology solutions leader’s stock, valued at approximately $2,276,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Private Wealth Services LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $769,000. Cohen Klingenstein LLC purchased a new position in shares of Qnity Electronics during the fourth quarter worth approximately $587,000. KBC Group NV acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $12,189,000. Wesbanco Bank Inc. acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $1,566,000. Finally, Delta Capital Management LLC purchased a new stake in Qnity Electronics in the 4th quarter valued at $1,141,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on Q. 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. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada increased their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $158.03 on Friday. The stock has a fifty day moving average price of $151.77 and a 200 day moving average price of $120.32. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28. 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 cap of $33.08 billion and a PE ratio of 54.31.

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 the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. The business’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 forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is presently 11.00%.

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.