Qnity Electronics, Inc. $Q Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in Qnity Electronics, Inc. (NYSE:Q) by 7.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 105,001 shares of the premier technology solutions leader’s stock after selling 8,884 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Qnity Electronics were worth $12,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of Q. Vanguard Group Inc. bought a new position in shares of Qnity Electronics during the 4th quarter valued at about $2,226,626,000. State Street Corp bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $728,894,000. Geode Capital Management LLC bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $435,786,000. Invesco Ltd. bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $385,057,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Qnity Electronics by 741.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after purchasing an additional 3,855,617 shares during the last quarter.

Analyst Ratings Changes

Q has been the subject of a number of research reports. Royal Bank Of Canada reduced their target price on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. BMO Capital Markets increased their price objective on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Mizuho lifted their target price on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $151.78.

Qnity Electronics Stock Performance

Shares of Q stock opened at $134.97 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. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28. The stock’s fifty day simple moving average is $150.51 and its 200-day simple moving average is $129.14. The company has a market capitalization of $28.25 billion and a price-to-earnings ratio of 46.38.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.31 billion during the quarter. The business’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. On average, sell-side analysts predict that Qnity Electronics, Inc. will post 4.16 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

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

Qnity Electronics Company Profile

Qnity Electronics (NYSE: Q) is a global semiconductor materials company that develops and supplies technologies used in the manufacture and packaging of advanced electronic devices. Its products support key stages of semiconductor production, including wafer processing, lithography, planarization, interconnect formation and advanced packaging.

The company provides materials such as semiconductor-grade chemicals, dielectric and metallization materials, photoresist-related products, chemical mechanical planarization solutions and packaging materials.