Rossmore Private Capital Makes New $694,000 Investment in Qnity Electronics, Inc. $Q

Rossmore Private Capital acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,494 shares of the premier technology solutions leader’s stock, valued at approximately $694,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Staley Capital Advisers Inc. acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $30,503,000. iA Global Asset Management Inc. bought a new stake in shares of Qnity Electronics during the fourth quarter worth $89,000. Canada Post Corp Registered Pension Plan bought a new stake in Qnity Electronics during the 4th quarter worth $360,000. Center for Financial Planning Inc. acquired a new stake in shares of Qnity Electronics during the fourth quarter valued at about $35,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Qnity Electronics during the fourth quarter valued at about $262,000.

Qnity Electronics Stock Down 5.3%

Qnity Electronics stock opened at $148.88 on Tuesday. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The company’s 50 day moving average is $129.54. The company has a market cap of $31.17 billion and a P/E ratio of 81.36. 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 (NYSE:Q) last released its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion for the quarter. The firm’s quarterly 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. Equities analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is currently 17.49%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $151.33.

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.