Qnity Electronics, Inc. $Q Shares Newly Acquired by Cornerstone Advisors LLC

Cornerstone Advisors LLC purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 47,968 shares of the premier technology solutions leader’s stock, valued at approximately $6,031,000.

Several other institutional investors have also modified their holdings of the business. First Bancorp Inc ME acquired a new position in shares of Qnity Electronics in the 2nd quarter valued at approximately $32,000. Markowski Investments acquired a new stake in Qnity Electronics during the 2nd quarter worth approximately $33,000. NBH Bank acquired a new stake in Qnity Electronics during the 2nd quarter worth approximately $34,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Qnity Electronics by 71.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock worth $25,000 after buying an additional 89 shares during the period. Finally, Bank & Trust Co acquired a new stake in Qnity Electronics during the 2nd quarter worth approximately $43,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on Q. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 5th. Royal Bank Of Canada lowered their price objective on shares of Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Weiss Ratings lowered shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Deutsche Bank reaffirmed a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Finally, Barclays upped their target price on shares of Qnity Electronics from $211.00 to $216.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $164.78.

Qnity Electronics Stock Down 3.6%

NYSE:Q opened at $118.27 on Friday. The stock has a 50-day simple moving average of $121.51 and a 200 day simple moving average of $129.98. Qnity Electronics, Inc. has a 52-week low of $72.81 and a 52-week high of $177.28. The company has a market cap of $24.72 billion and a PE ratio of 44.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.58 and a current ratio of 2.09.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Wednesday, November 4th. The premier technology solutions leader reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.28. The firm had revenue of $1.56 billion for the quarter. Qnity Electronics had a net margin of 10.16% and a return on equity of 12.63%. On average, sell-side analysts expect that Qnity Electronics, Inc. will post 5.00 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, November 30th. Qnity Electronics’s dividend payout ratio (DPR) is presently 12.03%.

Qnity Electronics Profile

Qnity Electronics develops materials and technologies used in semiconductor manufacturing and electronic interconnect applications. Its products support processes such as chip fabrication and advanced packaging, as well as the production and assembly of circuit boards. The company serves customers across the global electronics supply chain, including semiconductor manufacturers and makers of electronic components. Its portfolio includes materials designed to help enable reliable, high-performance devices and connections.