Congress Asset Management Co. Boosts Stock Position in Qnity Electronics, Inc. $Q

Congress Asset Management Co. increased its position in Qnity Electronics, Inc. (NYSE:Q) by 2.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 352,795 shares of the premier technology solutions leader’s stock after acquiring an additional 7,479 shares during the period. Congress Asset Management Co.’s holdings in Qnity Electronics were worth $44,360,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC raised its position in Qnity Electronics by 71.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Qnity Electronics during the 4th quarter valued at about $29,000. First Bancorp Inc ME acquired a new position in shares of Qnity Electronics in the 2nd quarter worth approximately $32,000. Markowski Investments acquired a new position in shares of Qnity Electronics in the 2nd quarter worth approximately $33,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $34,000.

Analyst Ratings Changes

Several analysts recently commented on the stock. Mizuho cut their target price on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Weiss Ratings lowered shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 28th. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada reduced their price objective on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Qnity Electronics in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $149.56.

Insider Transactions at Qnity Electronics

In other news, Director Bondt De bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $138.14 per share, with a total value of $138,140.00. Following the purchase, the director directly owned 6,647 shares in the company, valued at $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

Qnity Electronics Trading Up 1.6%

Shares of Q traded up $2.09 during midday trading on Tuesday, hitting $133.62. The stock had a trading volume of 1,326,165 shares, compared to its average volume of 2,032,131. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The business has a 50-day simple moving average of $127.32 and a two-hundred day simple moving average of $137.02. The firm has a market cap of $27.95 billion and a P/E ratio of 47.72. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.12. The business had revenue of $1.43 billion for the quarter. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts forecast that Qnity Electronics, Inc. will post 4.52 EPS for the current year.

Qnity Electronics Company Profile

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity’s product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.