Norges Bank Invests $187.70 Million in Qnity Electronics, Inc. $Q

Norges Bank purchased a new position in shares of Qnity Electronics, Inc. (NYSE:QFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,298,838 shares of the premier technology solutions leader’s stock, valued at approximately $187,700,000.

Several other institutional investors have also modified their holdings of the company. Fort Sheridan Advisors LLC purchased a new stake in Qnity Electronics in the 4th quarter valued at approximately $350,000. Eurizon Capital SGR S.p.A. purchased a new stake in Qnity Electronics in the 4th quarter valued at approximately $35,719,000. Zhang Financial LLC purchased a new stake in Qnity Electronics in the 4th quarter valued at approximately $200,000. Telligent Fund LP purchased a new stake in Qnity Electronics in the 4th quarter valued at approximately $1,306,000. Finally, National Pension Service purchased a new stake in Qnity Electronics in the 4th quarter valued at approximately $2,107,000.

Analysts Set New Price Targets

Q has been the topic of a number of recent research reports. KeyCorp upped their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research note on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $151.33.

Get Our Latest Stock Report on Qnity Electronics

Qnity Electronics Trading Down 0.2%

Shares of Q opened at $155.37 on Thursday. The stock has a fifty day moving average of $139.97 and a two-hundred day moving average of $111.42. 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 company has a market capitalization of $32.52 billion and a PE ratio of 53.39. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52.

Qnity Electronics (NYSE:QGet Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.32 billion during the quarter. Qnity Electronics’s quarterly revenue 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, analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 11.00%.

Qnity Electronics Profile

(Free Report)

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

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