50,429 Shares in Qnity Electronics, Inc. $Q Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 50,429 shares of the premier technology solutions leader’s stock, valued at approximately $4,118,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of Q. GAMMA Investing LLC acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $461,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $526,000. Investors Research Corp acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $102,000. Board of the Pension Protection Fund acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $73,000. Finally, Canal Capital Management LLC acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $331,000.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $142.31 on Friday. The business has a 50-day moving average of $141.14 and a 200 day moving average of $112.13. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The stock has a market capitalization of $29.79 billion and a price-to-earnings ratio of 48.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

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, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. Qnity Electronics’s revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, sell-side analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Analyst Ratings Changes

A number of analysts recently issued reports on Q shares. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.33.

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.