Natixis Advisors LLC bought a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund bought 98,254 shares of the premier technology solutions leader’s stock, valued at approximately $8,022,000.
Other large investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new position in Qnity Electronics during the fourth quarter worth $769,000. Cohen Klingenstein LLC purchased a new position in Qnity Electronics during the fourth quarter worth $587,000. KBC Group NV purchased a new position in Qnity Electronics during the fourth quarter worth $12,189,000. Delta Capital Management LLC purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at $1,141,000. Finally, Keybank National Association OH purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at $6,586,000.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Mizuho boosted their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, KeyCorp boosted their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Qnity Electronics currently has an average rating of “Moderate Buy” and an average target price of $151.33.
Qnity Electronics Stock Up 0.2%
NYSE:Q opened at $142.31 on Monday. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The company has a 50-day moving average of $141.14 and a 200 day moving average of $112.35. The firm has a market cap of $29.79 billion and a PE ratio of 48.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.
Qnity Electronics (NYSE:Q – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion during the quarter. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.
Qnity Electronics Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s payout ratio is currently 11.00%.
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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