Qnity Electronics (NYSE:Q) Stock Bumped Up to “Strong-Buy” by Barclays

Qnity Electronics (NYSE:Q) was upgraded by equities researchers at Barclays to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Several other analysts have also weighed in on the company. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Qnity Electronics in a research note on Wednesday, August 5th. Mizuho dropped their target price on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 1st. Royal Bank Of Canada reduced their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, Truist Financial initiated coverage on shares of Qnity Electronics in a report on Wednesday. They set a “buy” rating and a $170.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Qnity Electronics Trading Down 1.2%

Shares of Q stock opened at $121.39 on Monday. The stock’s fifty day moving average price is $126.51 and its two-hundred day moving average price is $137.61. The company has a market cap of $25.40 billion and a PE ratio of 43.35. Qnity Electronics has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.01.

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

Insider Transactions at Qnity Electronics

In related news, Director Bondt De bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $138.14 per share, with a total value of $138,140.00. Following the acquisition, the director owned 6,647 shares of the company’s stock, valued at $918,216.58. This represents a 17.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Qnity Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Qnity Electronics by 741.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock worth $518,787,000 after acquiring an additional 3,855,617 shares during the period. Bank of America Corp DE increased its position in Qnity Electronics by 3.8% during the 1st quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader’s stock valued at $233,447,000 after purchasing an additional 73,662 shares during the period. Dimensional Fund Advisors LP increased its position in Qnity Electronics by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,661,636 shares of the premier technology solutions leader’s stock valued at $191,569,000 after purchasing an additional 48,629 shares during the period. Bank of New York Mellon Corp increased its position in Qnity Electronics by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,334,852 shares of the premier technology solutions leader’s stock valued at $154,015,000 after purchasing an additional 37,842 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Qnity Electronics by 182.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,168,746 shares of the premier technology solutions leader’s stock worth $134,850,000 after purchasing an additional 754,810 shares during the last quarter.

About Qnity Electronics

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.