Weiss Asset Management LP Purchases New Position in Qnity Electronics, Inc. $Q

Weiss Asset Management LP acquired a new position in Qnity Electronics, Inc. (NYSE:Q) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 76,500 shares of the premier technology solutions leader’s stock, valued at approximately $8,827,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its holdings in shares of Qnity Electronics by 0.3% in 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 purchasing an additional 77 shares in the last quarter. AMG National Trust Bank raised its stake in shares of Qnity Electronics by 3.4% in the first quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock worth $298,000 after purchasing an additional 84 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Qnity Electronics by 5.5% during the first quarter. First Citizens Bank & Trust Co. now owns 2,948 shares of the premier technology solutions leader’s stock valued at $340,000 after purchasing an additional 154 shares in the last quarter. Finally, Patton Fund Management Inc. boosted its position in shares of Qnity Electronics by 7.0% during the first quarter. Patton Fund Management Inc. now owns 2,812 shares of the premier technology solutions leader’s stock valued at $324,000 after buying an additional 185 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on Q shares. BMO Capital Markets lifted their price objective on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada reduced their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Qnity Electronics has a consensus rating of “Buy” and an average price target of $151.78.

Qnity Electronics Stock Performance

Q stock opened at $134.97 on Friday. The company has a market cap of $28.25 billion and a P/E ratio of 46.38. 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 stock’s fifty day moving average price is $150.51 and its 200-day moving average price is $128.83.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. Qnity Electronics’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, equities analysts forecast that Qnity Electronics, Inc. will post 4.16 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a 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%.

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.