Newport Trust Company LLC Purchases Shares of 197,315 Qnity Electronics, Inc. $Q

Newport Trust Company LLC purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 197,315 shares of the premier technology solutions leader’s stock, valued at approximately $16,111,000. Newport Trust Company LLC owned approximately 0.09% of Qnity Electronics at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Addison Advisors LLC purchased a new position in Qnity Electronics during the 4th quarter valued at approximately $53,000. Heritage Investors Management Corp purchased a new position in Qnity Electronics during the 4th quarter valued at approximately $5,933,000. BOK Financial Private Wealth Inc. purchased a new position in Qnity Electronics during the 4th quarter valued at approximately $346,000. Global Retirement Partners LLC purchased a new position in Qnity Electronics during the 4th quarter valued at approximately $257,000. Finally, Motco purchased a new position in Qnity Electronics during the 4th quarter valued at approximately $27,000.

Qnity Electronics Price Performance

Shares of Qnity Electronics stock opened at $152.71 on Friday. The stock has a market cap of $31.97 billion and a price-to-earnings ratio of 52.48. 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 stock has a 50 day moving average price of $131.79 and a 200-day moving average price of $107.48. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52.

Qnity Electronics (NYSE:Q) last announced its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. Qnity Electronics’s 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. Equities analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 dividend yield of 0.2%. Qnity Electronics’s payout ratio is 11.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on Q shares. Mizuho raised their price target on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. KeyCorp raised their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Royal Bank Of Canada raised their price target on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.