6,580 Qnity Electronics, Inc. $Q Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in Qnity Electronics, Inc. (NYSE:Q) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 447,063 shares of the premier technology solutions leader’s stock after selling 6,580 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Qnity Electronics worth $56,214,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in Qnity Electronics by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock valued at $2,770,000 after buying an additional 77 shares during the last quarter. AMG National Trust Bank raised its stake in Qnity Electronics by 3.4% in the first quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock valued at $298,000 after buying an additional 84 shares in the last quarter. MGO One Seven LLC raised its stake in Qnity Electronics by 0.7% in the third quarter. MGO One Seven LLC now owns 11,806 shares of the premier technology solutions leader’s stock valued at $1,485,000 after buying an additional 87 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Qnity Electronics by 71.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in Qnity Electronics by 5.4% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,773 shares of the premier technology solutions leader’s stock worth $223,000 after buying an additional 91 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on Q shares. Royal Bank Of Canada lowered their price objective on Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Truist Financial began coverage on Qnity Electronics in a research report on Wednesday, October 14th. They set a “buy” rating and a $170.00 target price on the stock. Mizuho cut 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. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings downgraded Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Qnity Electronics has an average rating of “Moderate Buy” and an average price target of $164.22.

Insider Transactions at Qnity Electronics

In other news, Director Bondt De purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the purchase, the director directly owned 6,647 shares of the company’s stock, valued at $918,216.58. This represents a 17.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by corporate insiders.

Qnity Electronics Stock Performance

NYSE Q opened at $119.01 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.01 and a quick ratio of 1.50. Qnity Electronics, Inc. has a 1 year low of $72.81 and a 1 year high of $177.28. The company has a market capitalization of $24.90 billion and a PE ratio of 28.14. The company has a fifty day moving average of $121.71 and a two-hundred day moving average of $129.07.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%. The business had revenue of $1.43 billion for the quarter. As a group, analysts expect that Qnity Electronics, Inc. will post 4.49 earnings per share for the current year.

Qnity Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, November 30th. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.43%.

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.