Fortune 45 LLC acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm acquired 7,480 shares of the premier technology solutions leader’s stock, valued at approximately $941,000. Qnity Electronics accounts for about 0.4% of Fortune 45 LLC’s portfolio, making the stock its 22nd biggest position.
A number of other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in Qnity Electronics by 25.2% in the first quarter. Cetera Investment Advisers now owns 59,846 shares of the premier technology solutions leader’s stock valued at $6,905,000 after acquiring an additional 12,041 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in Qnity Electronics in the second quarter worth approximately $52,121,000. Assenagon Asset Management S.A. acquired a new stake in Qnity Electronics during the second quarter worth $23,748,000. Tidal Investments LLC increased its stake in Qnity Electronics by 153.6% during the second quarter. Tidal Investments LLC now owns 51,587 shares of the premier technology solutions leader’s stock worth $8,425,000 after acquiring an additional 31,246 shares during the last quarter. Finally, Delta Global Management LP acquired a new stake in Qnity Electronics during the first quarter worth $1,376,000.
Insider Transactions at Qnity Electronics
In other news, Director Bondt De bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $138.14 per share, with a total value of $138,140.00. Following the completion of the transaction, the director directly owned 6,647 shares in the company, valued at $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.
Qnity Electronics Price Performance
Qnity Electronics (NYSE:Q – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. The firm had revenue of $1.43 billion during the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Qnity Electronics, Inc. will post 4.52 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on Q shares. Mizuho reduced their target price 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. Royal Bank Of Canada lowered their price target on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Truist Financial began coverage on Qnity Electronics in a report on Wednesday. They set a “buy” rating and a $170.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Finally, Barclays began coverage on shares of Qnity Electronics in a report on Monday. They issued an “overweight” rating and a $211.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.
About Qnity Electronics
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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