Stock Yards Bank & Trust Co. acquired a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,772 shares of the premier technology solutions leader’s stock, valued at approximately $390,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Qnity Electronics in the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics in the fourth quarter worth approximately $26,000. Stephens Consulting LLC purchased a new position in shares of Qnity Electronics in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC purchased a new position in shares of Qnity Electronics in the fourth quarter worth approximately $32,000. Finally, Piscataqua Savings Bank purchased a new position in shares of Qnity Electronics in the fourth quarter worth approximately $36,000.
Analyst Ratings Changes
A number of research firms recently issued reports on Q. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 price objective on shares of Qnity Electronics in a report on Friday, February 20th. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Oppenheimer started coverage on shares of Qnity Electronics in a report on Tuesday, December 16th. They set an “outperform” rating and a $100.00 price target on the stock. Royal Bank Of Canada lifted their price target on shares of Qnity Electronics from $118.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Finally, KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $120.86.
Qnity Electronics Stock Performance
Q stock opened at $118.82 on Wednesday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $140.60. The stock has a fifty day moving average of $111.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The stock has a market capitalization of $24.91 billion and a P/E ratio of 64.93.
Qnity Electronics (NYSE:Q – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. The business’s revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.
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.
See Also
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