HB Wealth Management LLC acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,920 shares of the premier technology solutions leader’s stock, valued at approximately $914,000.
Several other hedge funds also recently added to or reduced their stakes in Q. GAMMA Investing LLC acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at about $461,000. Neville Rodie & Shaw Inc. acquired a new position in Qnity Electronics in the fourth quarter worth about $526,000. Investors Research Corp bought a new stake in Qnity Electronics in the fourth quarter valued at about $102,000. Board of the Pension Protection Fund bought a new stake in Qnity Electronics in the fourth quarter valued at about $73,000. Finally, Canal Capital Management LLC acquired a new stake in Qnity Electronics during the fourth quarter valued at approximately $331,000.
Qnity Electronics Stock Up 1.2%
Shares of Qnity Electronics stock opened at $142.25 on Thursday. 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 business’s 50 day simple moving average is $153.39 and its 200-day simple moving average is $124.41. The stock has a market capitalization of $29.78 billion and a price-to-earnings ratio of 48.88. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28.
Qnity Electronics Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 11.00%.
Analyst Upgrades and Downgrades
A number of research firms have commented on Q. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada upped their price target on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, BMO Capital Markets boosted their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $153.00.
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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