ProShare Advisors LLC bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 81,382 shares of the premier technology solutions leader’s stock, valued at approximately $6,645,000.
A number of other large investors have also recently made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $25,000. Dunhill Financial LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $25,000. Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $26,000. Provenance Wealth Advisors LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $27,000. Finally, Stephens Consulting LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at $30,000.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Mizuho lifted their price target on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. KeyCorp lifted their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.
Qnity Electronics Price Performance
NYSE:Q opened at $156.88 on Friday. The firm has a market capitalization of $32.84 billion and a price-to-earnings ratio of 53.91. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $171.52. The stock has a fifty day moving average of $132.60 and a 200 day moving average of $107.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12.
Qnity Electronics (NYSE:Q – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. Qnity Electronics’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, research analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.
Qnity Electronics Dividend Announcement
The firm 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 dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.
Qnity Electronics 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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