Xcel Wealth Management LLC Invests $586,000 in Qnity Electronics, Inc. $Q

Xcel Wealth Management LLC bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, Holdings Channel reports. The firm bought 7,171 shares of the premier technology solutions leader’s stock, valued at approximately $586,000.

A number of other hedge funds also recently made changes to their positions in the business. Baxter Bros Inc. bought a new stake in shares of Qnity Electronics during the 4th quarter worth $240,000. Fruth Investment Management bought a new stake in shares of Qnity Electronics during the 4th quarter worth $709,000. Parcion Private Wealth LLC bought a new stake in shares of Qnity Electronics during the 4th quarter worth $1,216,000. Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics during the 4th quarter worth $27,000. Finally, CWM LLC bought a new stake in shares of Qnity Electronics during the 4th quarter worth $2,181,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings assumed coverage on Qnity Electronics in a research note on Thursday, January 22nd. They set a “hold (c-)” rating on the stock. Mizuho set a $120.00 target price on Qnity Electronics in a research note on Monday, February 23rd. KeyCorp lifted their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 target price on shares of Qnity Electronics in a research note on Friday, February 20th. Finally, Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $120.86.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $131.26 on Friday. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $140.60. The firm has a 50-day moving average price of $116.54. The company has a market cap of $27.51 billion and a PE ratio of 71.73. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is currently 17.49%.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.