Ethic Inc. Invests $743,000 in Qnity Electronics, Inc. $Q

Ethic Inc. purchased a new position in shares of Qnity Electronics, Inc. (NYSE:QFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,102 shares of the premier technology solutions leader’s stock, valued at approximately $743,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $2,226,626,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $125,587,000. UBS Group AG bought a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $120,414,000. M&T Bank Corp bought a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $65,334,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $44,200,000.

Qnity Electronics Trading Up 1.2%

Shares of Qnity Electronics stock opened at $164.03 on Friday. The company has a market cap of $34.34 billion and a price-to-earnings ratio of 89.63. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $128.14. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52.

Qnity Electronics (NYSE:QGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion for the quarter. The business’s revenue for the quarter 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. As a group, research analysts anticipate that Qnity Electronics, Inc. will post 4 earnings per share for the current year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is 17.49%.

Analyst Upgrades and Downgrades

Q has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Mizuho upped their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank Of Canada upped their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a report on Wednesday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.33.

View Our Latest Research Report on Q

Key Headlines Impacting Qnity Electronics

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About Qnity Electronics

(Free Report)

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.

See Also

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Institutional Ownership by Quarter for Qnity Electronics (NYSE:Q)

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