Mount Vernon Associates Inc. MD Invests $358,000 in Qnity Electronics, Inc. $Q

Mount Vernon Associates Inc. MD acquired a new position in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,381 shares of the premier technology solutions leader’s stock, valued at approximately $358,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of Q. Moisand Fitzgerald Tamayo LLC acquired a new stake in Qnity Electronics in the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. acquired a new stake in Qnity Electronics in the 4th quarter worth approximately $26,000. Stephens Consulting LLC acquired a new stake in Qnity Electronics in the 4th quarter worth approximately $30,000. Sound Income Strategies LLC acquired a new stake in Qnity Electronics in the 4th quarter worth approximately $32,000. Finally, Westfuller Advisors LLC acquired a new stake in Qnity Electronics in the 4th quarter worth approximately $33,000.

Qnity Electronics Price Performance

NYSE:Q opened at $129.25 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95. The stock has a market cap of $27.10 billion and a price-to-earnings ratio of 70.63. The company’s 50 day moving average price is $112.41. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $140.60.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on Q shares. Royal Bank Of Canada lifted their target price on shares of Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. KeyCorp lifted 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. Mizuho set a $120.00 target price on shares of Qnity Electronics in a research note on Monday, February 23rd. Oppenheimer started coverage on shares of Qnity Electronics in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, Weiss Ratings started coverage on shares of Qnity Electronics in a research note on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.