Corient Private Wealth LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 87,832 shares of the premier technology solutions leader’s stock, valued at approximately $7,198,000.
Several other large investors have also modified their holdings of Q. Vanguard Group Inc. purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at $2,226,626,000. State Street Corp acquired a new stake in shares of Qnity Electronics during the fourth quarter valued at $728,894,000. Geode Capital Management LLC purchased a new stake in Qnity Electronics during the 4th quarter worth about $435,786,000. Invesco Ltd. purchased a new stake in Qnity Electronics during the 4th quarter worth about $385,057,000. Finally, Franklin Resources Inc. acquired a new position in Qnity Electronics in the 4th quarter valued at about $287,519,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report 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, The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.33.
Qnity Electronics Stock Up 5.5%
Shares of NYSE:Q opened at $167.47 on Friday. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $177.28. The stock’s 50-day moving average price is $151.25 and its two-hundred day moving average price is $120.06. The firm has a market cap of $35.06 billion and a price-to-earnings ratio of 57.55. 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 issued its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The company had revenue of $1.31 billion for the quarter. The firm’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. On average, research analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.
Qnity Electronics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st 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 Monday, August 31st. Qnity Electronics’s dividend payout ratio is presently 11.00%.
Qnity Electronics 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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