Royal Bank Of Canada Boosts Qnity Electronics (NYSE:Q) Price Target to $133.00

Qnity Electronics (NYSE:Q) had its price objective increased by Royal Bank Of Canada from $118.00 to $133.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the premier technology solutions leader’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 13.12% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Weiss Ratings began coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. New Street Research set a $110.00 price target on Qnity Electronics in a report on Monday, November 3rd. Wolfe Research assumed coverage on Qnity Electronics in a research report on Monday, November 3rd. They set an “outperform” rating and a $110.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 price objective on shares of Qnity Electronics in a report on Friday. Finally, Wall Street Zen raised Qnity Electronics to a “hold” rating in a research note on Friday, November 28th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.50.

Qnity Electronics Stock Performance

NYSE:Q traded up $0.78 during trading hours on Wednesday, hitting $117.57. The stock had a trading volume of 307,244 shares, compared to its average volume of 2,360,259. The firm has a 50 day moving average price of $95.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.78. The stock has a market cap of $24.63 billion and a P/E ratio of 116.41. Qnity Electronics has a one year low of $70.50 and a one year high of $119.09.

Insider Buying and Selling at Qnity Electronics

In related news, CEO Jon D. Kemp sold 5,655 shares of Qnity Electronics stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $85.01, for a total value of $480,731.55. Following the sale, the chief executive officer owned 89,177 shares of the company’s stock, valued at approximately $7,580,936.77. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael G. Goss sold 1,895 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $84.79, for a total value of $160,677.05. Following the transaction, the vice president directly owned 13,305 shares of the company’s stock, valued at $1,128,130.95. This trade represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Trading of Qnity Electronics

Institutional investors and hedge funds have recently bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics in the fourth quarter valued at $25,000. Dunhill Financial LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics during the fourth quarter worth approximately $26,000. Motco bought a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $27,000. Finally, Provenance Wealth Advisors LLC bought a new position in Qnity Electronics in the 4th quarter valued at about $27,000.

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.