Renaissance Technologies LLC purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 189,600 shares of the premier technology solutions leader’s stock, valued at approximately $21,876,000.
Other hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC purchased a new position in Qnity Electronics during the fourth quarter worth about $330,000. Pallas Capital Advisors LLC acquired a new position in Qnity Electronics in the fourth quarter valued at approximately $218,000. Exchange Traded Concepts LLC purchased a new position in Qnity Electronics in the fourth quarter worth approximately $61,000. Retirement Systems of Alabama purchased a new position in Qnity Electronics in the fourth quarter worth approximately $3,638,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Qnity Electronics during the fourth quarter worth $44,200,000.
Wall Street Analysts Forecast Growth
Q has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. BMO Capital Markets boosted their price objective on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $151.78.
Qnity Electronics Trading Down 3.5%
Q opened at $123.43 on Thursday. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $177.28. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $149.25 and a 200-day simple moving average of $129.93. The firm has a market cap of $25.84 billion and a P/E ratio of 42.42.
Qnity Electronics (NYSE:Q – Get Free Report) last posted its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The company’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, equities analysts expect that Qnity Electronics, Inc. will post 4.16 earnings per share for the current year.
Qnity Electronics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio is currently 11.00%.
Qnity Electronics Company Profile
Qnity Electronics, Inc is a semiconductor materials and solutions company serving manufacturers across the global semiconductor and advanced electronics industries. The company provides materials and technologies used in the production of integrated circuits, advanced packaging, and other electronic components.
Its offerings include specialized semiconductor materials, chemical mechanical planarization products, dielectric and metallization materials, photoresist-related technologies, and other solutions designed to support wafer fabrication and chip packaging processes.
Featured Stories
- Five stocks we like better than Qnity Electronics
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Want to see what other hedge funds are holding Q? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qnity Electronics, Inc. (NYSE:Q – Free Report).
Receive News & Ratings for Qnity Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qnity Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
