MUFG Securities EMEA plc purchased a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,593 shares of the premier technology solutions leader’s stock, valued at approximately $702,000.
A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $2,226,626,000. Geode Capital Management LLC acquired a new position in Qnity Electronics during the 4th quarter worth approximately $435,786,000. Norges Bank bought a new position in Qnity Electronics in the 4th quarter valued at approximately $187,700,000. Massachusetts Financial Services Co. MA acquired a new stake in Qnity Electronics in the fourth quarter valued at approximately $125,587,000. Finally, UBS Group AG acquired a new stake in Qnity Electronics in the fourth quarter valued at approximately $120,414,000.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on Q. Mizuho upped their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada raised their price objective on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $151.33.
Qnity Electronics Stock Down 0.2%
Shares of NYSE:Q opened at $155.37 on Thursday. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The business’s 50-day moving average is $139.97 and its 200-day moving average is $111.42. The company has a market capitalization of $32.52 billion and a price-to-earnings ratio of 53.39.
Qnity Electronics (NYSE:Q – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion for the quarter. Qnity Electronics’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Equities research analysts predict that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.
Qnity Electronics Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is presently 11.00%.
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.
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