California Public Employees Retirement System Decreases Stake in Qnity Electronics, Inc. $Q

California Public Employees Retirement System lessened its holdings in shares of Qnity Electronics, Inc. (NYSE:Q) by 3.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 346,592 shares of the premier technology solutions leader’s stock after selling 11,977 shares during the quarter. California Public Employees Retirement System’s holdings in Qnity Electronics were worth $39,990,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $461,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Qnity Electronics in the fourth quarter worth $52,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter worth $236,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $5,403,000. Finally, Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $26,000.

Qnity Electronics Trading Down 1.4%

Q opened at $134.48 on Tuesday. The firm has a market capitalization of $28.15 billion and a P/E ratio of 46.21. The firm’s 50 day moving average is $152.51 and its 200-day moving average is $127.60. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28. 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 announced its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. The firm’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. Analysts expect that Qnity Electronics, Inc. will post 4.16 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s payout ratio is currently 11.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada decreased their target price on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $151.78.

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.