SEB Asset Management AB acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 126,580 shares of the premier technology solutions leader’s stock, valued at approximately $14,605,000.
A number of other institutional investors and hedge funds have also bought and sold shares of Q. Vanguard Group Inc. purchased a new stake in shares of Qnity Electronics in the 4th quarter worth $2,226,626,000. State Street Corp purchased a new position in shares of Qnity Electronics during the fourth quarter valued at $728,894,000. Geode Capital Management LLC bought a new stake in shares of Qnity Electronics in the fourth quarter valued at about $435,786,000. Invesco Ltd. bought a new stake in shares of Qnity Electronics in the fourth quarter valued at about $385,057,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Qnity Electronics by 741.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock worth $518,787,000 after acquiring an additional 3,855,617 shares during the period.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on Q. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Mizuho increased their price objective on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $151.78.
Qnity Electronics Trading Down 1.4%
Shares of NYSE:Q opened at $134.48 on Tuesday. The business’s 50-day moving average is $152.51 and its 200 day moving average is $127.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $177.28. The firm has a market capitalization of $28.15 billion and a P/E ratio of 46.21.
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 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion during the quarter. Qnity Electronics’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. On average, research analysts predict that Qnity Electronics, Inc. will post 4.16 earnings per share for the current fiscal year.
Qnity Electronics Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is 11.00%.
About Qnity Electronics
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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