Great Lakes Advisors LLC acquired a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 319,156 shares of the premier technology solutions leader’s stock, valued at approximately $52,121,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $2,226,626,000. State Street Corp acquired a new position in Qnity Electronics during the fourth quarter worth $728,894,000. Geode Capital Management LLC acquired a new position in Qnity Electronics during the fourth quarter worth $435,786,000. Invesco Ltd. purchased a new position in Qnity Electronics in the fourth quarter worth $385,057,000. Finally, Allspring Global Investments Holdings LLC raised its position 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 in the last quarter.
Insider Activity
In related news, Director Bondt Karin De bought 1,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the acquisition, the director owned 6,647 shares in the company, valued at $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.15% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Qnity Electronics
Qnity Electronics Stock Performance
NYSE:Q opened at $133.51 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $144.53 and a two-hundred day moving average price of $133.99. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The company has a market capitalization of $27.93 billion and a P/E ratio of 47.68.
Qnity Electronics (NYSE:Q – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.12. The company had revenue of $1.43 billion during the quarter. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%.Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts expect that Qnity Electronics, Inc. will post 4.52 earnings per share for the current fiscal year.
Qnity Electronics Dividend Announcement
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 given a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.43%.
About Qnity Electronics
Qnity Electronics (NYSE:Q) is a semiconductor materials and electronic solutions company focused on technologies used in the production of advanced chips and other electronic devices. Its offerings support multiple stages of semiconductor manufacturing, including wafer processing, lithography, cleaning, deposition, and packaging.
The company provides materials and products such as electronic chemicals, photoresists and other lithography materials, specialty process materials, and solutions used in advanced semiconductor packaging.
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