FCA Corp TX acquired a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,287 shares of the premier technology solutions leader’s stock, valued at approximately $610,000.
A number of other large investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its position in shares of Qnity Electronics by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock worth $2,770,000 after buying an additional 77 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of Qnity Electronics by 3.4% during the 1st quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock valued at $298,000 after acquiring an additional 84 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Qnity Electronics by 71.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Qnity Electronics by 5.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 2,948 shares of the premier technology solutions leader’s stock valued at $340,000 after acquiring an additional 154 shares in the last quarter. Finally, Patton Fund Management Inc. raised its stake in shares of Qnity Electronics by 7.0% in the 1st quarter. Patton Fund Management Inc. now owns 2,812 shares of the premier technology solutions leader’s stock valued at $324,000 after acquiring an additional 185 shares in the last quarter.
Qnity Electronics Price Performance
Shares of NYSE:Q opened at $138.39 on Friday. The business has a 50 day moving average price of $150.95 and a 200 day moving average price of $128.78. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The company has a market cap of $28.97 billion and a price-to-earnings ratio of 47.56. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.
Qnity Electronics Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.08 dividend. 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 (DPR) is presently 11.00%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on Q shares. BMO Capital Markets boosted their target price on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Qnity Electronics presently has an average rating of “Buy” and a consensus price target of $151.78.
Read Our Latest Stock Analysis on Qnity Electronics
Qnity Electronics Profile
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
See Also
- Five stocks we like better than Qnity Electronics
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for Qnity Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qnity Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
