Connors Investor Services Inc. Acquires New Holdings in Qnity Electronics, Inc. $Q

Connors Investor Services Inc. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 76,682 shares of the premier technology solutions leader’s stock, valued at approximately $6,261,000.

Several other hedge funds have also recently bought and sold shares of the company. Delta Asset Management LLC TN bought a new stake in Qnity Electronics in the 4th quarter valued at about $409,000. Swedbank AB bought a new stake in Qnity Electronics in the 4th quarter valued at about $3,940,000. Prospera Financial Services Inc bought a new stake in Qnity Electronics in the 4th quarter valued at about $3,661,000. Coldstream Capital Management Inc. bought a new stake in Qnity Electronics in the 4th quarter valued at about $345,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Qnity Electronics in the 4th quarter valued at about $83,000.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Stock Up 2.7%

Q stock opened at $156.88 on Friday. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $171.52. The company has a market capitalization of $32.84 billion and a price-to-earnings ratio of 53.91. The firm’s 50-day moving average is $132.60 and its two-hundred day moving average is $107.83. 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 (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion for 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, analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is 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.