Franklin Resources Inc. Makes New Investment in Qnity Electronics, Inc. $Q

Franklin Resources Inc. purchased a new position in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,521,358 shares of the premier technology solutions leader’s stock, valued at approximately $287,519,000. Franklin Resources Inc. owned 1.68% of Qnity Electronics at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $26,000. Motco bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $27,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $27,000.

Analysts Set New Price Targets

A number of research firms have weighed in on Q. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Mizuho upped their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada upped their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Price Performance

Shares of NYSE:Q opened at $144.75 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The firm has a fifty day moving average price of $142.43 and a 200 day moving average price of $113.27. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The firm has a market cap of $30.30 billion and a price-to-earnings ratio of 49.74.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. The company’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. As a group, sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis 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.