Hsbc Holdings PLC Sells 52,763 Shares of Qnity Electronics, Inc. $Q

Hsbc Holdings PLC lowered its position in Qnity Electronics, Inc. (NYSE:Q) by 12.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 373,431 shares of the premier technology solutions leader’s stock after selling 52,763 shares during the period. Hsbc Holdings PLC’s holdings in Qnity Electronics were worth $42,936,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of Q. Kestra Advisory Services LLC raised its stake in Qnity Electronics by 18.2% during the first quarter. Kestra Advisory Services LLC now owns 21,393 shares of the premier technology solutions leader’s stock worth $2,468,000 after buying an additional 3,289 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in Qnity Electronics by 2.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 70,653 shares of the premier technology solutions leader’s stock valued at $8,052,000 after buying an additional 1,632 shares during the period. Personal CFO Solutions LLC bought a new stake in Qnity Electronics during the first quarter valued at $219,000. Seelaus Asset Management LLC bought a new stake in Qnity Electronics during the first quarter valued at $345,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in Qnity Electronics by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock worth $2,770,000 after acquiring an additional 77 shares during the period.

Qnity Electronics Stock Down 1.4%

Q stock opened at $134.48 on Tuesday. The firm has a market capitalization of $28.15 billion and a PE ratio of 46.21. 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, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The stock’s 50 day moving average is $152.51 and its 200-day moving average is $127.60.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.31 billion for 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 expect that Qnity Electronics, Inc. will post 4.16 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on Q. Royal Bank Of Canada lowered their price objective on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. BMO Capital Markets raised their target price on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Mizuho lifted their target price on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $151.78.

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.