NewEdge Advisors LLC Purchases 3,509 Shares of Qnity Electronics, Inc. $Q

NewEdge Advisors LLC increased its position in Qnity Electronics, Inc. (NYSE:Q) by 17.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,324 shares of the premier technology solutions leader’s stock after acquiring an additional 3,509 shares during the quarter. NewEdge Advisors LLC’s holdings in Qnity Electronics were worth $2,691,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Dunhill Financial LLC acquired a new stake in Qnity Electronics during the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Qnity Electronics by 71.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at $27,000. Motco bought a new position in shares of Qnity Electronics during the fourth quarter valued at $27,000. Finally, Covestor Ltd acquired a new position in shares of Qnity Electronics during the fourth quarter worth $28,000.

Insider Activity

In other Qnity Electronics news, Director Bondt Karin De bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the transaction, the director directly owned 6,647 shares in the company, valued at approximately $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by corporate insiders.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $142.53 on Friday. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The firm has a fifty day simple moving average of $144.84 and a 200 day simple moving average of $133.17. The company has a market capitalization of $29.82 billion and a PE ratio of 50.90. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 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. On average, sell-side analysts forecast that Qnity Electronics, Inc. will post 4.52 EPS for the current year.

Qnity Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s payout ratio is currently 11.43%.

Analysts Set New Price Targets

Several brokerages recently weighed in on Q. Weiss Ratings cut shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Mizuho raised their target price on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Qnity Electronics in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $151.78.

Qnity Electronics Company Profile

Qnity Electronics (NYSE:Q) is an electronics materials and solutions company serving the semiconductor and advanced electronics industries. The company develops and supplies materials, components and process solutions used in semiconductor manufacturing, advanced packaging and other applications that support the production of increasingly complex electronic devices.

Its offerings are designed to help customers manage critical manufacturing requirements, including wafer processing, semiconductor assembly and packaging, and the development of high-performance electronic systems.