Qnity Electronics, Inc. (NYSE:Q – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $121.12 and traded as high as $126.35. Qnity Electronics shares last traded at $124.9530, with a volume of 2,638,053 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on Q shares. Mizuho decreased their target price on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 5th. Barclays lifted their price target on shares of Qnity Electronics from $211.00 to $216.00 and gave the stock an “overweight” rating in a report on Friday. Truist Financial assumed coverage on Qnity Electronics in a research report on Wednesday, October 14th. They set a “buy” rating and a $170.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price objective on Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $164.78.
View Our Latest Stock Report on Qnity Electronics
Qnity Electronics Stock Performance
The company has a debt-to-equity ratio of 0.51, a current ratio of 2.09 and a quick ratio of 1.50. The firm has a market cap of $26.14 billion and a price-to-earnings ratio of 46.97. The firm has a fifty day simple moving average of $121.12 and a two-hundred day simple moving average of $129.48.
Qnity Electronics (NYSE:Q – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The premier technology solutions leader reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.28. Qnity Electronics had a return on equity of 12.63% and a net margin of 10.16%. The business had revenue of $1.56 billion for the quarter. On average, analysts expect that Qnity Electronics, Inc. will post 5.01 EPS for the current year.
Qnity Electronics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid 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 payout ratio is presently 12.03%.
Hedge Funds Weigh In On Qnity Electronics
Hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC lifted its holdings in shares of Qnity Electronics by 10.1% during the third quarter. Intech Investment Management LLC now owns 154,868 shares of the premier technology solutions leader’s stock worth $19,473,000 after purchasing an additional 14,161 shares during the period. Silver Oak Securities Incorporated increased its holdings in Qnity Electronics by 5.6% in the 3rd quarter. Silver Oak Securities Incorporated now owns 2,140 shares of the premier technology solutions leader’s stock worth $250,000 after buying an additional 113 shares during the period. Pettee Investors Inc. increased its holdings in Qnity Electronics by 31.5% in the 3rd quarter. Pettee Investors Inc. now owns 11,951 shares of the premier technology solutions leader’s stock worth $1,503,000 after buying an additional 2,865 shares during the period. IFG Advisory LLC raised its position in Qnity Electronics by 846.1% during the 3rd quarter. IFG Advisory LLC now owns 5,213 shares of the premier technology solutions leader’s stock worth $655,000 after buying an additional 4,662 shares during the last quarter. Finally, Optas LLC purchased a new position in Qnity Electronics during the 3rd quarter worth approximately $202,000.
About Qnity Electronics
Qnity Electronics develops materials and technologies used in semiconductor manufacturing and electronic interconnect applications. Its products support processes such as chip fabrication and advanced packaging, as well as the production and assembly of circuit boards.
The company serves customers across the global electronics supply chain, including semiconductor manufacturers and makers of electronic components. Its portfolio includes materials designed to help enable reliable, high-performance devices and connections.
Qnity became an independent company through the separation of DuPont’s electronics business.
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