AlphaCore Capital LLC Takes $473,000 Position in Qnity Electronics, Inc. $Q

AlphaCore Capital LLC acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,793 shares of the premier technology solutions leader’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at about $25,000. Dunhill Financial LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $27,000. Finally, Stephens Consulting LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

Q has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a report on Wednesday, May 13th. KeyCorp upped their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Mizuho increased their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Qnity Electronics has an average rating of “Moderate Buy” and a consensus price target of $151.33.

Qnity Electronics Trading Down 2.7%

Q opened at $145.06 on Wednesday. The business has a fifty day moving average price of $130.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The company has a market capitalization of $30.37 billion and a P/E ratio of 79.27. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $171.52.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.32 billion during the quarter. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is 17.49%.

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.