Quantum Financial Advisors LLC purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,461 shares of the premier technology solutions leader’s stock, valued at approximately $854,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics in the 4th quarter valued at $26,000. Gladwyn Financial Advisors Inc. acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at $48,000. True Wealth Design LLC bought a new position in shares of Qnity Electronics in the fourth quarter valued at about $49,000. Adirondack Trust Co. acquired a new position in Qnity Electronics during the 4th quarter worth about $51,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in Qnity Electronics during the 4th quarter worth about $52,000.
Qnity Electronics Trading Up 7.1%
Shares of NYSE Q opened at $115.22 on Tuesday. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $140.60. The company has a 50-day simple moving average of $107.50. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54. The company has a market cap of $24.16 billion and a price-to-earnings ratio of 62.96.
Analyst Upgrades and Downgrades
Q has been the subject of several research reports. 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. KeyCorp increased their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 price target on shares of Qnity Electronics in a report on Friday, February 20th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Oppenheimer started coverage on Qnity Electronics in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $120.86.
Get Our Latest Stock Analysis on Q
Qnity Electronics Company Profile
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
Further Reading
Receive News & Ratings for Qnity Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qnity Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
