Wellington Shields & Co. LLC Invests $330,000 in Qnity Electronics, Inc. $Q

Wellington Shields & Co. LLC acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,037 shares of the premier technology solutions leader’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds also recently made changes to their positions in Q. Vanguard Group Inc. bought a new position in shares of Qnity Electronics during the 4th quarter worth about $2,226,626,000. Massachusetts Financial Services Co. MA bought a new position in shares of Qnity Electronics during the 4th quarter worth about $125,587,000. UBS Group AG bought a new stake in Qnity Electronics in the fourth quarter valued at about $120,414,000. Legal & General Group Plc bought a new stake in Qnity Electronics in the fourth quarter valued at about $112,534,000. Finally, M&T Bank Corp bought a new stake in Qnity Electronics in the fourth quarter valued at about $65,334,000.

Qnity Electronics Stock Performance

NYSE Q opened at $164.49 on Wednesday. The stock has a market cap of $34.43 billion and a P/E ratio of 56.53. The company’s 50-day simple moving average is $134.72 and its 200 day simple moving average is $108.76. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. 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 issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The company’s 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. As a group, research analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on Q shares. Royal Bank Of Canada upped their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Mizuho upped their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. KeyCorp upped their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.33.

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.