5,521 Shares in Qnity Electronics, Inc. $Q Bought by State of Wyoming

State of Wyoming bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 5,521 shares of the premier technology solutions leader’s stock, valued at approximately $637,000.

Other hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new position in Qnity Electronics in the fourth quarter valued at about $769,000. Cohen Klingenstein LLC purchased a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $587,000. Wesbanco Bank Inc. acquired a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $1,566,000. Delta Capital Management LLC acquired a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $1,141,000. Finally, KBC Group NV acquired a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $12,189,000.

Qnity Electronics Stock Performance

NYSE:Q opened at $138.39 on Friday. The company has a market cap of $28.97 billion and a P/E ratio of 47.56. The firm’s 50 day moving average is $150.95 and its two-hundred day moving average is $128.78. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Analysts expect that Qnity Electronics, Inc. will post 4.16 EPS for the current year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is 11.00%.

Analysts Set New Price Targets

Q has been the subject of a number of research reports. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada dropped their price objective on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. BMO Capital Markets lifted their price objective on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $151.78.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.