Qnity Electronics, Inc. (NYSE:Q – Get Free Report)’s share price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $122.13 and traded as low as $114.09. Qnity Electronics shares last traded at $116.52, with a volume of 2,759,901 shares.
Analyst Upgrades and Downgrades
Several brokerages have commented on Q. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. BMO Capital Markets upped their price target on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Qnity Electronics in a report on Wednesday, August 5th. Barclays assumed coverage on Qnity Electronics in a research report on Monday, October 12th. They issued an “overweight” rating and a $211.00 target price for the company. Finally, Truist Financial started coverage on shares of Qnity Electronics in a research note on Wednesday, October 14th. They set a “buy” rating and a $170.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Qnity Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.36.
Check Out Our Latest Research Report on Q
Qnity Electronics Trading Down 5.0%
The stock’s 50 day moving average price is $122.13 and its 200-day moving average price is $128.79. The stock has a market capitalization of $24.38 billion and a P/E ratio of 41.61. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53.
Qnity Electronics (NYSE:Q – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%. The business had revenue of $1.43 billion for the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Qnity Electronics, Inc. will post 4.41 earnings per share for the current year.
Qnity Electronics Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.08 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Qnity Electronics’s dividend payout ratio (DPR) is 11.43%.
Insider Buying and Selling
In related news, Director Bondt De bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $138.14 per share, with a total value of $138,140.00. Following the transaction, the director owned 6,647 shares in the company, valued at approximately $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.15% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its holdings in shares of Qnity Electronics by 25.2% during the first quarter. Cetera Investment Advisers now owns 59,846 shares of the premier technology solutions leader’s stock valued at $6,905,000 after buying an additional 12,041 shares during the last quarter. Tidal Investments LLC raised its stake in Qnity Electronics by 153.6% in the 2nd quarter. Tidal Investments LLC now owns 51,587 shares of the premier technology solutions leader’s stock worth $8,425,000 after acquiring an additional 31,246 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in Qnity Electronics in the 2nd quarter worth $52,121,000. Assenagon Asset Management S.A. purchased a new position in Qnity Electronics in the 2nd quarter worth $23,748,000. Finally, Delta Global Management LP acquired a new stake in Qnity Electronics during the 1st quarter worth about $1,376,000.
Qnity Electronics Company Profile
Qnity Electronics, Inc is a global materials and solutions company serving the semiconductor and advanced electronics industries. The company develops and supplies materials used throughout the manufacturing process for integrated circuits, including wafer fabrication, lithography, cleaning, chemical mechanical planarization and advanced packaging.
Its product portfolio includes semiconductor-grade materials such as photoresists, dielectric materials, CMP pads and slurries, cleaners, removers and other process-enabling technologies.
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