Birmingham Capital Management Co. Inc. AL Takes $1 Million Position in Qnity Electronics, Inc. $Q

Birmingham Capital Management Co. Inc. AL acquired a new position in shares of Qnity Electronics, Inc. (NYSE:QFree Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 6,146 shares of the premier technology solutions leader’s stock, valued at approximately $1,004,000.

Other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Motco acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $27,000. Covestor Ltd acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $29,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $29,000.

Insiders Place Their Bets

In related news, Director Bondt Karin De bought 1,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $138.14 per share, for a total transaction of $138,140.00. Following the purchase, the director owned 6,647 shares of the company’s stock, valued at $918,216.58. This trade represents a 17.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Qnity Electronics Stock Down 0.3%

Shares of NYSE:Q opened at $126.18 on Thursday. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.01 and a quick ratio of 1.50. The stock has a market cap of $26.40 billion and a P/E ratio of 45.06. The firm has a fifty day moving average price of $141.69 and a 200 day moving average price of $135.28.

Qnity Electronics (NYSE:QGet Free Report) last announced its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.12. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. The business had revenue of $1.43 billion during the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts predict that Qnity Electronics, Inc. will post 4.52 EPS for the current year.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.3%. Qnity Electronics’s dividend payout ratio is currently 11.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reduced their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Mizuho boosted their target price on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings cut Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $151.78.

Read Our Latest Analysis on Qnity Electronics

About Qnity Electronics

(Free Report)

Qnity Electronics, Inc (NYSE:Q) develops materials, components and process solutions used in semiconductor manufacturing and advanced electronics. Its products support critical stages of chip fabrication, packaging and interconnection, where material performance and process reliability are essential to producing increasingly complex electronic devices.

The company’s offerings include semiconductor materials such as chemical-mechanical planarization pads and slurries, photoresists, dielectric materials, cleaners and other process chemicals.

Recommended Stories

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:QFree Report).

Institutional Ownership by Quarter for Qnity Electronics (NYSE:Q)

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.