William B. Walkup & Associates Inc. acquired a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,614 shares of the premier technology solutions leader’s stock, valued at approximately $295,000.
A number of other hedge funds have also recently made changes to their positions in Q. GAMMA Investing LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $461,000. Neville Rodie & Shaw Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth about $526,000. Investors Research Corp bought a new position in shares of Qnity Electronics in the fourth quarter worth about $102,000. Board of the Pension Protection Fund bought a new position in shares of Qnity Electronics in the fourth quarter worth about $73,000. Finally, Canal Capital Management LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter worth about $331,000.
Qnity Electronics Price Performance
NYSE:Q opened at $160.75 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $33.65 billion and a P/E ratio of 55.24. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The business’s 50-day moving average is $145.28 and its 200 day moving average is $115.37.
Qnity Electronics Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.08 per share. The ex-dividend date was 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 11.00%.
Analysts Set New Price Targets
A number of research firms recently commented on Q. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Mizuho boosted their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, KeyCorp boosted their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.33.
View Our Latest Stock Analysis on Q
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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