Houlihan Financial Resource Group Ltd. bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,506 shares of the premier technology solutions leader’s stock, valued at approximately $286,000.
Several other large investors also recently bought and sold shares of Q. Vanguard Group Inc. purchased a new stake in Qnity Electronics during the 4th quarter worth approximately $2,226,626,000. Geode Capital Management LLC purchased a new stake in Qnity Electronics during the 4th quarter worth approximately $435,786,000. Massachusetts Financial Services Co. MA purchased a new stake in Qnity Electronics during the 4th quarter worth approximately $125,587,000. UBS Group AG purchased a new stake in Qnity Electronics during the 4th quarter worth approximately $120,414,000. Finally, Legal & General Group Plc purchased a new stake in Qnity Electronics during the 4th quarter worth approximately $112,534,000.
Qnity Electronics Trading Down 0.1%
NYSE Q opened at $159.03 on Friday. The company has a market capitalization of $33.29 billion and a PE ratio of 54.65. The company has a fifty day moving average of $136.57 and a 200 day moving average of $109.68. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.
Qnity Electronics Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is currently 11.00%.
Analysts Set New Price Targets
Q has been the subject of several research reports. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada lifted their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, KeyCorp boosted their target price 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. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Qnity Electronics has an average rating of “Moderate Buy” and an average target price of $151.33.
Get Our Latest Report on Qnity Electronics
About Qnity Electronics
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
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