Windward Capital Management Co. CA bought a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 37,494 shares of the premier technology solutions leader’s stock, valued at approximately $3,061,000.
A number of other large investors also recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics during the 4th quarter valued at $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics in the 4th quarter worth $27,000. Stephens Consulting LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $30,000. Finally, Sound Income Strategies LLC bought a new position in shares of Qnity Electronics during the 4th quarter valued at about $32,000.
Qnity Electronics Stock Performance
NYSE Q opened at $140.25 on Friday. The business’s 50 day simple moving average is $119.60. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $146.00. The company has a market cap of $29.39 billion and a PE ratio of 76.64. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54.
Qnity Electronics Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is 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 is 17.49%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on Q shares. Weiss Ratings started coverage on shares of Qnity Electronics in a research note on Thursday, January 22nd. They issued a “hold (c-)” rating on the stock. KeyCorp increased their price objective on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Mizuho set a $120.00 price objective on shares of Qnity Electronics in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 price target on shares of Qnity Electronics in a report on Friday, February 20th. Finally, Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $120.86.
Read Our Latest Analysis on Qnity Electronics
Qnity Electronics Company Profile
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
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