Hsbc Holdings PLC Buys New Position in Qnity Electronics, Inc. $Q

Hsbc Holdings PLC purchased a new position in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 426,194 shares of the premier technology solutions leader’s stock, valued at approximately $34,889,000.

Other hedge funds have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new position in Qnity Electronics in the 4th quarter worth $25,000. Dunhill Financial LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Qnity Electronics during the 4th quarter valued at about $26,000. Motco bought a new stake in shares of Qnity Electronics during the 4th quarter valued at about $27,000. Finally, Provenance Wealth Advisors LLC purchased a new position in shares of Qnity Electronics during the fourth quarter valued at about $27,000.

Qnity Electronics Stock Down 8.2%

NYSE:Q opened at $161.27 on Wednesday. The firm’s 50-day moving average price is $150.09 and its 200-day moving average price is $118.93. The company has a market capitalization of $33.76 billion and a PE ratio of 55.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28.

Qnity Electronics (NYSE:Q) last issued 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 $1.31 billion for the quarter. Qnity Electronics’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. On average, equities analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on Q shares. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed 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 Qnity Electronics in a report on Wednesday, May 13th. KeyCorp increased their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada raised their target price on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.