Qnity Electronics, Inc. $Q Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its stake in Qnity Electronics, Inc. (NYSE:Q) by 1,722.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,777 shares of the premier technology solutions leader’s stock after purchasing an additional 58,387 shares during the quarter. Carnegie Investment Counsel’s holdings in Qnity Electronics were worth $7,128,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Citizens Financial Group Inc. RI purchased a new position in Qnity Electronics during the first quarter worth approximately $442,000. Fifth Third Bancorp boosted its holdings in shares of Qnity Electronics by 274.7% in the 1st quarter. Fifth Third Bancorp now owns 57,845 shares of the premier technology solutions leader’s stock valued at $6,674,000 after purchasing an additional 42,409 shares during the last quarter. Candriam S.C.A. purchased a new stake in shares of Qnity Electronics during the 1st quarter valued at $1,231,000. Kestra Advisory Services LLC grew its stake in shares of Qnity Electronics by 18.2% during the 1st quarter. Kestra Advisory Services LLC now owns 21,393 shares of the premier technology solutions leader’s stock valued at $2,468,000 after buying an additional 3,289 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its holdings in shares of Qnity Electronics by 2.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 70,653 shares of the premier technology solutions leader’s stock worth $8,052,000 after buying an additional 1,632 shares during the last quarter.

Wall Street Analyst Weigh In

Q has been the topic of several research reports. Royal Bank Of Canada increased their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Mizuho upped their price target on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. BMO Capital Markets raised their price objective on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $153.00.

Qnity Electronics Stock Performance

NYSE:Q opened at $143.99 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $30.14 billion and a price-to-earnings ratio of 49.48. The firm’s fifty day simple moving average is $153.56 and its 200 day simple moving average is $125.29. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.31 billion during the quarter. Qnity Electronics’s quarterly 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, equities research analysts expect that Qnity Electronics, Inc. will post 4.15 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is 11.00%.

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.