Sequoia Financial Advisors LLC Trims Stake in Qnity Electronics, Inc. $Q

Sequoia Financial Advisors LLC reduced its stake in Qnity Electronics, Inc. (NYSE:Q) by 26.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,595 shares of the premier technology solutions leader’s stock after selling 4,437 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Qnity Electronics were worth $1,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC purchased a new stake in Qnity Electronics in the fourth quarter worth about $25,000. Dunhill Financial LLC purchased a new position in shares of Qnity Electronics during the 4th quarter valued at about $25,000. Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics during the 4th quarter valued at about $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $27,000. Finally, Motco bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $27,000.

Analysts Set New Price Targets

A number of research firms have commented on Q. Mizuho raised their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada dropped their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, BMO Capital Markets upped their target price 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. One 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $151.78.

Qnity Electronics Trading Down 3.3%

Q stock opened at $135.55 on Friday. 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, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28. The business has a 50 day simple moving average of $153.11 and a two-hundred day simple moving average of $126.87. The company has a market capitalization of $28.38 billion and a price-to-earnings ratio of 46.58.

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 (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.31 billion for the quarter. The company’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. Research analysts anticipate that Qnity Electronics, Inc. will post 4.16 EPS 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 issued 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 payout ratio is currently 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.