Qnity Electronics, Inc. $Q Shares Purchased by Ethic Inc.

Ethic Inc. grew its position in shares of Qnity Electronics, Inc. (NYSE:Q) by 211.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,292 shares of the premier technology solutions leader’s stock after buying an additional 17,844 shares during the period. Ethic Inc.’s holdings in Qnity Electronics were worth $3,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of Q. Pictet Asset Management Holding SA raised its stake in Qnity Electronics by 198.5% in the 3rd quarter. Pictet Asset Management Holding SA now owns 385,931 shares of the premier technology solutions leader’s stock worth $48,527,000 after purchasing an additional 256,655 shares in the last quarter. Alps Advisors Inc. grew its position in shares of Qnity Electronics by 20.7% during the 3rd quarter. Alps Advisors Inc. now owns 14,444 shares of the premier technology solutions leader’s stock worth $1,816,000 after purchasing an additional 2,482 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of Qnity Electronics during the 3rd quarter worth approximately $252,000. Heritage Family Offices LLP acquired a new position in shares of Qnity Electronics during the 3rd quarter worth approximately $79,000. Finally, Calamos Advisors LLC increased its holdings in shares of Qnity Electronics by 2.1% during the third quarter. Calamos Advisors LLC now owns 73,257 shares of the premier technology solutions leader’s stock worth $9,211,000 after purchasing an additional 1,482 shares during the period.

Qnity Electronics Stock Performance

NYSE Q opened at $123.68 on Wednesday. The firm’s 50 day simple moving average is $121.20 and its 200 day simple moving average is $129.60. The firm has a market capitalization of $25.85 billion and a price-to-earnings ratio of 27.49. The company has a current ratio of 2.09, a quick ratio of 1.58 and a debt-to-equity ratio of 0.51. Qnity Electronics, Inc. has a 1 year low of $72.81 and a 1 year high of $177.28.

Qnity Electronics (NYSE:Q) last released its earnings results on Wednesday, November 4th. The premier technology solutions leader reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.28. Qnity Electronics had a return on equity of 12.63% and a net margin of 10.16%. The firm had revenue of $1.56 billion during the quarter. As a group, research analysts expect that Qnity Electronics, Inc. will post 5.01 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, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, November 30th. Qnity Electronics’s dividend payout ratio is currently 12.03%.

Analyst Ratings Changes

Q has been the subject of a number of analyst reports. Barclays lifted their price target on shares of Qnity Electronics from $211.00 to $216.00 and gave the company an “overweight” rating in a research report on Friday, November 6th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 5th. Mizuho lowered their price objective on Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 1st. Weiss Ratings lowered Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Qnity Electronics in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $164.78.

Qnity Electronics Profile

Qnity Electronics develops materials and technologies used in semiconductor manufacturing and electronic interconnect applications. Its products support processes such as chip fabrication and advanced packaging, as well as the production and assembly of circuit boards. The company serves customers across the global electronics supply chain, including semiconductor manufacturers and makers of electronic components. Its portfolio includes materials designed to help enable reliable, high-performance devices and connections.