Sumitomo Mitsui Trust Group Inc. Sells 22,350 Shares of Qnity Electronics, Inc. $Q

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Qnity Electronics, Inc. (NYSE:Q) by 4.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 444,991 shares of the premier technology solutions leader’s stock after selling 22,350 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Qnity Electronics were worth $51,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. lifted its holdings in shares of Qnity Electronics by 2.4% during the first 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. Personal CFO Solutions LLC acquired a new stake in shares of Qnity Electronics in the first quarter worth $219,000. Seelaus Asset Management LLC acquired a new stake in shares of Qnity Electronics in the first quarter worth $345,000. Oregon Public Employees Retirement Fund increased its position in Qnity Electronics by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock worth $2,770,000 after acquiring an additional 77 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new position in Qnity Electronics during the first quarter worth $406,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on Q. Mizuho increased their price target on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. BMO Capital Markets boosted their price objective on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Qnity Electronics presently has an average rating of “Buy” and a consensus target price of $153.00.

Qnity Electronics Stock Performance

NYSE:Q opened at $143.99 on Monday. The firm has a market capitalization of $30.14 billion and a PE ratio of 49.48. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $177.28. The firm has a 50-day moving average price of $153.56 and a 200 day moving average price of $125.29.

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

Qnity Electronics Dividend Announcement

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

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.