Meridian Wealth Management LLC acquired a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,991 shares of the premier technology solutions leader’s stock, valued at approximately $326,000.
A number of other hedge funds also recently made changes to their positions in Q. GAMMA Investing LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $461,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $526,000. Investors Research Corp acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $102,000. Board of the Pension Protection Fund acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $73,000. Finally, Canal Capital Management LLC acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $331,000.
Qnity Electronics Stock Down 4.4%
Shares of NYSE:Q opened at $156.91 on Friday. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The stock’s 50-day moving average is $128.88. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The company has a market cap of $32.85 billion and a price-to-earnings ratio of 85.74.
Qnity Electronics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 17.49%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Mizuho increased their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Royal Bank Of Canada increased their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.33.
View Our Latest Stock Analysis on Qnity Electronics
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.
Further Reading
- Five stocks we like better than Qnity Electronics
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Want to see what other hedge funds are holding Q? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qnity Electronics, Inc. (NYSE:Q – Free Report).
Receive News & Ratings for Qnity Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qnity Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
