Parallel Advisors LLC bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,927 shares of the premier technology solutions leader’s stock, valued at approximately $811,000.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new stake in Qnity Electronics during the 4th quarter worth about $2,226,626,000. Geode Capital Management LLC purchased a new stake in Qnity Electronics during the 4th quarter worth about $435,786,000. Norges Bank purchased a new stake in Qnity Electronics during the 4th quarter worth about $187,700,000. Massachusetts Financial Services Co. MA purchased a new stake in Qnity Electronics during the 4th quarter worth about $125,587,000. Finally, UBS Group AG purchased a new stake in Qnity Electronics during the 4th quarter worth about $120,414,000.
Analysts Set New Price Targets
Several equities research analysts have weighed in on Q shares. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Royal Bank Of Canada upped their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. BMO Capital Markets restated an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. KeyCorp upped their price target on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.33.
Qnity Electronics Trading Up 1.6%
Q opened at $144.26 on Tuesday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52. The company has a market cap of $30.20 billion and a P/E ratio of 49.57. 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 business’s 50-day simple moving average is $141.77 and its 200-day simple moving average is $112.81.
Qnity Electronics (NYSE:Q – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion during the quarter. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, equities research analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.
Qnity Electronics Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.
Qnity Electronics Company Profile
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