Rehmann Capital Advisory Group bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 33,587 shares of the premier technology solutions leader’s stock, valued at approximately $2,742,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC purchased a new stake in Qnity Electronics during the 4th quarter worth $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics in the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics in the fourth quarter valued at about $26,000. Motco acquired a new position in shares of Qnity Electronics during the fourth quarter worth about $27,000. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth about $27,000.
Qnity Electronics Stock Performance
Shares of Q stock opened at $169.15 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The company’s fifty day moving average price is $148.57 and its two-hundred day moving average price is $117.41. The firm has a market capitalization of $35.41 billion and a P/E ratio of 58.13. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52.
Qnity Electronics Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.08 dividend. The ex-dividend date of this dividend 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 currently 11.00%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on Q shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. KeyCorp boosted their price target on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.33.
Check Out Our Latest Stock Report on Qnity Electronics
About Qnity Electronics
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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