First National Trust Co acquired a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,354 shares of the premier technology solutions leader’s stock, valued at approximately $274,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Connors Investor Services Inc. bought a new stake in Qnity Electronics in the fourth quarter valued at approximately $6,261,000. Delta Asset Management LLC TN bought a new stake in Qnity Electronics in the fourth quarter valued at approximately $409,000. Swedbank AB bought a new stake in Qnity Electronics in the fourth quarter valued at approximately $3,940,000. Prospera Financial Services Inc bought a new stake in Qnity Electronics in the fourth quarter valued at approximately $3,661,000. Finally, Coldstream Capital Management Inc. bought a new stake in Qnity Electronics in the fourth quarter valued at approximately $345,000.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on Q. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a report on Wednesday, May 13th. Mizuho upped their target price on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $151.33.
Qnity Electronics Price Performance
Shares of Q stock opened at $156.88 on Tuesday. The stock has a market cap of $32.84 billion and a price-to-earnings ratio of 53.91. The business’s fifty day moving average is $133.61 and its 200 day moving average is $108.29. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.
Qnity Electronics (NYSE:Q – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion during the quarter. The business’s revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Research analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.
Qnity Electronics Announces Dividend
The company also recently declared 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 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 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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