Qnity Electronics (NYSE:Q) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Qnity Electronics (NYSE:Q – Free Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks reports.

Several other analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Qnity Electronics in a report on Wednesday, August 5th. Royal Bank Of Canada decreased their target price on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 28th. Finally, Mizuho cut their price target on Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.56.

Check Out Our Latest Analysis on Q

Qnity Electronics Trading Down 2.8%

Shares of NYSE:Q opened at $129.85 on Monday. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53. Qnity Electronics has a 52-week low of $70.50 and a 52-week high of $177.28. The stock has a market cap of $27.17 billion and a price-to-earnings ratio of 46.38. The business has a 50-day moving average price of $127.56 and a 200-day moving average price of $137.28.

Qnity Electronics (NYSE:Q – Get Free Report) last issued its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.12. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%.The firm had revenue of $1.43 billion for the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts predict that Qnity Electronics will post 4.52 EPS for the current year.

Insider Buying and Selling

In other news, Director Bondt De purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the transaction, the director owned 6,647 shares in the company, valued at $918,216.58. This represents a 17.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in Qnity Electronics by 741.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock worth $518,787,000 after purchasing an additional 3,855,617 shares during the period. Franklin Resources Inc. purchased a new position in Qnity Electronics during the fourth quarter worth approximately $287,519,000. Amundi acquired a new stake in Qnity Electronics in the first quarter valued at approximately $114,286,000. The Manufacturers Life Insurance Company grew its holdings in Qnity Electronics by 182.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,168,746 shares of the premier technology solutions leader’s stock valued at $134,850,000 after purchasing an additional 754,810 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Qnity Electronics in the first quarter valued at approximately $66,284,000.

About Qnity Electronics

(Get Free Report)

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity’s product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.

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Analyst Recommendations for Qnity Electronics (NYSE:Q)

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