Truist Financial Corp acquired a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 41,334 shares of the premier technology solutions leader’s stock, valued at approximately $3,375,000.
Other institutional investors have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics during the 4th quarter worth approximately $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics during the fourth quarter worth approximately $26,000. Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics during the fourth quarter worth approximately $27,000. Finally, Stephens Consulting LLC acquired a new position in Qnity Electronics during the fourth quarter worth $30,000.
Qnity Electronics Price Performance
Shares of Q opened at $154.04 on Tuesday. The company’s 50-day moving average is $125.60. The firm has a market capitalization of $32.28 billion and a PE ratio of 84.18. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $156.53. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54.
Qnity Electronics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is presently 17.49%.
Wall Street Analysts Forecast Growth
Q has been the subject of several analyst reports. Royal Bank Of Canada upped their target price on Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday. KeyCorp upped their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $170.00 price objective on shares of Qnity Electronics in a research report on Thursday. Finally, Mizuho set a $120.00 target price on shares of Qnity Electronics in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Qnity Electronics presently has an average rating of “Moderate Buy” and an average target price of $129.57.
View Our Latest Stock Report on Q
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.
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