Praxis Investment Management Inc. Acquires New Holdings in Qnity Electronics, Inc. $Q

Praxis Investment Management Inc. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,564 shares of the premier technology solutions leader’s stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also modified their holdings of Q. GAMMA Investing LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $461,000. Neville Rodie & Shaw Inc. acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $526,000. Investors Research Corp acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $102,000. Board of the Pension Protection Fund acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $73,000. Finally, Canal Capital Management LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $331,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on Q shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $170.00 price objective on shares of Qnity Electronics in a research report on Thursday. KeyCorp boosted their price objective on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings began coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Finally, Mizuho set a $120.00 price target on Qnity Electronics in a research report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and an average price target of $129.57.

Qnity Electronics Stock Down 3.9%

Shares of Qnity Electronics stock opened at $143.67 on Friday. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $151.36. The company has a market cap of $30.11 billion and a PE ratio of 78.51. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $124.47.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. On average, sell-side analysts expect that Qnity Electronics, Inc. will post 3.78 EPS for the current year.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 17.49%.

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.