Qnity Electronics (NYSE:Q – Get Free Report) had its target price hoisted by investment analysts at Barclays from $211.00 to $216.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the premier technology solutions leader’s stock. Barclays‘s target price would indicate a potential upside of 86.28% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. 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 research note on Thursday, October 1st. Royal Bank Of Canada dropped their price objective on Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings downgraded Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.78.
View Our Latest Research Report on Qnity Electronics
Qnity Electronics Stock Performance
NYSE Q traded up $5.91 during trading hours on Friday, reaching $115.95. 534,240 shares of the company were exchanged, compared to its average volume of 2,018,300. Qnity Electronics has a 1 year low of $72.81 and a 1 year high of $177.28. The business’s 50 day simple moving average is $121.22 and its 200-day simple moving average is $129.26. The company has a quick ratio of 1.50, a current ratio of 2.09 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $24.26 billion and a P/E ratio of 43.40.
Qnity Electronics (NYSE:Q – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The premier technology solutions leader reported $1.46 EPS for the quarter, topping the consensus estimate of $1.18 by $0.28. The business had revenue of $1.56 billion for the quarter. Qnity Electronics had a net margin of 10.16% and a return on equity of 12.63%. On average, equities research analysts expect that Qnity Electronics will post 4.49 earnings per share for the current year.
Insiders Place Their Bets
In other Qnity Electronics news, Director Bondt De bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased 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 directly owned 6,647 shares of the company’s stock, valued at $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.15% of the stock is owned by corporate insiders.
Institutional Trading of Qnity Electronics
A number of institutional investors have recently modified their holdings of Q. Maryland State Retirement & Pension System grew its stake in Qnity Electronics by 15.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 12,804 shares of the premier technology solutions leader’s stock valued at $1,610,000 after buying an additional 1,749 shares in the last quarter. First Command Advisory Services Inc. raised its holdings in Qnity Electronics by 30.6% during the 3rd quarter. First Command Advisory Services Inc. now owns 713 shares of the premier technology solutions leader’s stock valued at $90,000 after acquiring an additional 167 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Qnity Electronics by 7.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 48,224 shares of the premier technology solutions leader’s stock valued at $6,064,000 after acquiring an additional 3,393 shares during the period. Mesirow Financial Investment Management Inc. lifted its position in shares of Qnity Electronics by 6.5% during the third quarter. Mesirow Financial Investment Management Inc. now owns 4,946 shares of the premier technology solutions leader’s stock worth $622,000 after acquiring an additional 301 shares in the last quarter. Finally, Flynn Zito Capital Management LLC lifted its position in shares of Qnity Electronics by 5.3% during the third quarter. Flynn Zito Capital Management LLC now owns 2,769 shares of the premier technology solutions leader’s stock worth $348,000 after acquiring an additional 139 shares in the last quarter.
About Qnity Electronics
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.
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