Cullen Frost Bankers Inc. bought a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 110,863 shares of the premier technology solutions leader’s stock, valued at approximately $9,052,000. Cullen Frost Bankers Inc. owned 0.05% of Qnity Electronics as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the company. Covestor Ltd acquired a new stake in Qnity Electronics in the fourth quarter worth $28,000. PNC Financial Services Group Inc. acquired a new stake in Qnity Electronics in the fourth quarter worth $26,912,000. Tredje AP fonden acquired a new stake in Qnity Electronics in the fourth quarter worth $8,936,000. Larson Financial Group LLC acquired a new stake in Qnity Electronics in the fourth quarter worth $230,000. Finally, Handelsbanken Fonder AB acquired a new stake in Qnity Electronics in the fourth quarter worth $8,744,000.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Mizuho increased their price objective on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.33.
Qnity Electronics Stock Up 5.4%
Qnity Electronics stock opened at $153.15 on Thursday. The company has a market cap of $32.06 billion and a P/E ratio of 52.63. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The company has a fifty day simple moving average of $131.02 and a 200 day simple moving average of $107.16. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54.
Qnity Electronics (NYSE:Q – Get Free Report) last released its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping 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% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Research analysts anticipate that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.
Qnity Electronics Dividend Announcement
The business also recently announced 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. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 11.00%.
Qnity Electronics Company Profile
Qnity Electronics is a semiconductor and electronic materials company that develops and supplies products used in advanced technology manufacturing. Its offerings are focused on materials and solutions that support chip fabrication, electronics assembly, and other industrial applications where precision and performance are critical.
The company serves customers across the electronics and semiconductor supply chain, providing products designed to help enable smaller, faster, and more reliable electronic devices.
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