Prospera Financial Services Inc purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,843 shares of the premier technology solutions leader’s stock, valued at approximately $3,661,000.
Other large investors also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Qnity Electronics in the fourth quarter worth about $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $26,000. Motco purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $27,000. Finally, Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $27,000.
Qnity Electronics Trading Down 0.0%
Q stock opened at $156.88 on Tuesday. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The firm has a market cap of $32.84 billion and a PE ratio of 53.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The firm has a fifty day moving average price of $133.61 and a 200 day moving average price of $108.29.
Qnity Electronics Announces Dividend
The company 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. 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 payout ratio is 11.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. KeyCorp upped their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. 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. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $151.33.
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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