Fort Washington Investment Advisors Inc. OH Purchases 8,373 Shares of Qnity Electronics, Inc. $Q

Fort Washington Investment Advisors Inc. OH raised its position in Qnity Electronics, Inc. (NYSE:Q) by 3.6% in the first quarter, HoldingsChannel reports. The fund owned 237,938 shares of the premier technology solutions leader’s stock after purchasing an additional 8,373 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Qnity Electronics were worth $27,453,000 as of its most recent SEC filing.

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

Qnity Electronics Trading Down 0.1%

NYSE Q opened at $158.03 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $151.77 and a 200 day simple moving average of $120.58. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $177.28. The firm has a market capitalization of $33.08 billion and a P/E ratio of 54.31.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The company’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. On average, analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on Q. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada raised their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Qnity Electronics has an average rating of “Moderate Buy” and an average target price 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.