Meridian Investment Counsel Inc. raised its stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) by 43.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,251 shares of the premier technology solutions leader’s stock after acquiring an additional 9,134 shares during the period. Meridian Investment Counsel Inc.’s holdings in Qnity Electronics were worth $3,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Stephens Inc. AR increased its position in shares of Qnity Electronics by 11.9% during the first quarter. Stephens Inc. AR now owns 7,759 shares of the premier technology solutions leader’s stock worth $930,000 after purchasing an additional 828 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its position in shares of Qnity Electronics by 16.3% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 98,943 shares of the premier technology solutions leader’s stock valued at $11,416,000 after purchasing an additional 13,844 shares during the period. Howe & Rusling Inc. purchased a new position in Qnity Electronics during the 1st quarter worth approximately $717,000. Praxis Investment Management Inc. increased its position in Qnity Electronics by 90.2% during the first quarter. Praxis Investment Management Inc. now owns 6,777 shares of the premier technology solutions leader’s stock worth $782,000 after buying an additional 3,213 shares during the period. Finally, Cherokee Insurance Co purchased a new stake in Qnity Electronics in the first quarter valued at approximately $226,000.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada upped their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $152.44.
Qnity Electronics Stock Performance
NYSE:Q opened at $141.82 on Monday. 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 firm has a market cap of $29.69 billion and a price-to-earnings ratio of 48.74. The firm’s fifty day moving average price is $153.37 and its 200 day moving average price is $123.03. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28.
Qnity Electronics (NYSE:Q – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The firm’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. On average, sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.
Qnity Electronics Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.
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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