Qnity Electronics (NYSE:Q) Downgraded by Zacks Research to Hold

Qnity Electronics (NYSE:Q) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Q has been the subject of several other research reports. Royal Bank Of Canada lifted their price target on shares of Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Weiss Ratings started coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 price target on shares of Qnity Electronics in a research report on Friday, February 20th. Finally, Mizuho set a $120.00 price target on shares of Qnity Electronics in a research report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.86.

Qnity Electronics Trading Up 3.2%

Q opened at $139.21 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54. The firm has a market cap of $29.18 billion and a PE ratio of 76.07. Qnity Electronics has a 1-year low of $70.50 and a 1-year high of $140.60. The company has a 50-day moving average of $118.96.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. The business’s revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. On average, research analysts predict that Qnity Electronics will post 3.78 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of Q. GAMMA Investing LLC bought a new position in Qnity Electronics during the 4th quarter worth approximately $461,000. Neville Rodie & Shaw Inc. bought a new position in Qnity Electronics during the 4th quarter worth approximately $526,000. Investors Research Corp bought a new position in Qnity Electronics during the 4th quarter worth approximately $102,000. Board of the Pension Protection Fund bought a new position in Qnity Electronics during the 4th quarter worth approximately $73,000. Finally, Canal Capital Management LLC bought a new position in Qnity Electronics during the 4th quarter worth approximately $331,000.

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.