Mirae Asset Global Investments Co. Ltd. Acquires 376,030 Shares of Qnity Electronics, Inc. $Q

Mirae Asset Global Investments Co. Ltd. purchased a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 376,030 shares of the premier technology solutions leader’s stock, valued at approximately $47,282,000. Mirae Asset Global Investments Co. Ltd. owned about 0.18% of Qnity Electronics as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of Q. Allspring Global Investments Holdings LLC raised its stake in Qnity Electronics by 741.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after purchasing an additional 3,855,617 shares during the period. Bank of America Corp DE boosted its position in shares of Qnity Electronics by 3.8% in the first quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader’s stock worth $233,447,000 after buying an additional 73,662 shares during the period. Dimensional Fund Advisors LP raised its position in Qnity Electronics by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,661,636 shares of the premier technology solutions leader’s stock valued at $191,569,000 after buying an additional 48,629 shares during the period. Bank of New York Mellon Corp boosted its position in Qnity Electronics by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,334,852 shares of the premier technology solutions leader’s stock worth $154,015,000 after acquiring an additional 37,842 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Qnity Electronics by 182.3% during the 1st 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 acquiring an additional 754,810 shares in the last quarter.

Qnity Electronics Stock Performance

Q opened at $116.52 on Monday. The firm has a market capitalization of $24.38 billion and a P/E ratio of 41.61. The stock’s 50 day moving average price is $122.13 and its two-hundred day moving average price is $128.79. 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, Inc. has a 12-month low of $72.81 and a 12-month high of $177.28.

Qnity Electronics (NYSE:Q – Get Free Report) last announced its quarterly earnings data 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 net margin of 11.25% and a return on equity of 10.83%. The business had revenue of $1.43 billion during the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities analysts forecast that Qnity Electronics, Inc. will post 4.49 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, November 30th. Qnity Electronics’s dividend payout ratio is presently 11.43%.

Insider Activity at Qnity Electronics

In related news, Director Bondt De purchased 1,000 shares of Qnity Electronics stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the transaction, the director directly owned 6,647 shares in the company, valued at approximately $918,216.58. This represents a 17.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on Q. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Mizuho decreased their price target on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 1st. BMO Capital Markets increased their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Royal Bank Of Canada decreased their target price on shares of Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Finally, Weiss Ratings cut shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.36.

Read Our Latest Stock Analysis on Qnity Electronics

About Qnity Electronics

(Free Report)

Qnity Electronics, Inc is a global materials and solutions company serving the semiconductor and advanced electronics industries. The company develops and supplies materials used throughout the manufacturing process for integrated circuits, including wafer fabrication, lithography, cleaning, chemical mechanical planarization and advanced packaging.

Its product portfolio includes semiconductor-grade materials such as photoresists, dielectric materials, CMP pads and slurries, cleaners, removers and other process-enabling technologies.

See Also

Institutional Ownership by Quarter for Qnity Electronics (NYSE:Q)

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