Nomura Asset Management Co. Ltd. Invests $20.89 Million in Qnity Electronics, Inc. $Q

Nomura Asset Management Co. Ltd. bought a new position in Qnity Electronics, Inc. (NYSE:QFree Report) during the fourth quarter, Holdings Channel reports. The fund bought 255,831 shares of the premier technology solutions leader’s stock, valued at approximately $20,889,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Essex Financial Services Inc. purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $370,000. MUFG Securities EMEA plc purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $702,000. DT Investment Partners LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $410,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $3,978,000. Finally, Welch & Forbes LLC purchased a new stake in Qnity Electronics during the 4th quarter valued at about $305,000.

Qnity Electronics Stock Performance

Shares of NYSE Q opened at $151.72 on Tuesday. The firm’s 50-day moving average price is $138.20 and its 200-day moving average price is $110.48. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The company has a market cap of $31.76 billion and a PE ratio of 52.14. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $171.52.

Qnity Electronics (NYSE:QGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion for the quarter. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

Analysts Set New Price Targets

Q has been the topic of several recent analyst reports. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Mizuho increased their price objective on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada increased their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

Read Our Latest Stock Report on Q

About Qnity Electronics

(Free Report)

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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Institutional Ownership by Quarter for Qnity Electronics (NYSE:Q)

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