Home Federal Bank of Tennessee Invests $429,000 in Qnity Electronics, Inc. $Q

Home Federal Bank of Tennessee purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,258 shares of the premier technology solutions leader’s stock, valued at approximately $429,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Qnity Electronics during the 4th quarter worth approximately $44,200,000. Aberdeen Group plc purchased a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $19,338,000. SG Americas Securities LLC purchased a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $19,068,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $18,744,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $5,403,000.

Qnity Electronics Price Performance

Qnity Electronics stock opened at $116.48 on Friday. The company has a 50 day simple moving average of $111.05. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $140.60. The stock has a market capitalization of $24.42 billion and a P/E ratio of 63.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Wall Street Analysts Forecast Growth

Q has been the topic of several recent research reports. Mizuho set a $120.00 price objective on shares of Qnity Electronics in a research note on Monday, February 23rd. KeyCorp raised their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a report on Friday, February 20th. Weiss Ratings assumed coverage on shares of Qnity Electronics in a research note on Thursday, January 22nd. They set a “hold (c-)” rating on the stock. Finally, Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Qnity Electronics currently has a consensus rating of “Buy” and a consensus price target of $120.86.

Qnity Electronics Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.