William B. Walkup & Associates Inc. Invests $295,000 in Qnity Electronics, Inc. $Q

William B. Walkup & Associates Inc. acquired a new position in Qnity Electronics, Inc. (NYSE:QFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,614 shares of the premier technology solutions leader’s stock, valued at approximately $295,000.

A number of other hedge funds have also recently made changes to their positions in Q. GAMMA Investing LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $461,000. Neville Rodie & Shaw Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth about $526,000. Investors Research Corp bought a new position in shares of Qnity Electronics in the fourth quarter worth about $102,000. Board of the Pension Protection Fund bought a new position in shares of Qnity Electronics in the fourth quarter worth about $73,000. Finally, Canal Capital Management LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter worth about $331,000.

Qnity Electronics Price Performance

NYSE:Q opened at $160.75 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $33.65 billion and a P/E ratio of 55.24. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The business’s 50-day moving average is $145.28 and its 200 day moving average is $115.37.

Qnity Electronics (NYSE:QGet Free Report) last issued its quarterly earnings data 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% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, equities research analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.08 per share. The ex-dividend date was Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is 11.00%.

Analysts Set New Price Targets

A number of research firms recently commented on Q. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Mizuho boosted their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, KeyCorp boosted their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.33.

View Our Latest Stock Analysis on Q

Qnity Electronics Company Profile

(Free Report)

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.

See Also

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

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