Qnity Electronics, Inc. $Q Stock Holdings Lifted by Candriam S.C.A.

Candriam S.C.A. lifted its position in shares of Qnity Electronics, Inc. (NYSE:Q) by 641.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 342,911 shares of the premier technology solutions leader’s stock after buying an additional 296,648 shares during the quarter. Candriam S.C.A. owned approximately 0.16% of Qnity Electronics worth $43,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of Q. Ethic Inc. lifted its stake in Qnity Electronics by 211.2% in the 3rd quarter. Ethic Inc. now owns 26,292 shares of the premier technology solutions leader’s stock valued at $3,306,000 after buying an additional 17,844 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Qnity Electronics by 198.5% during the third quarter. Pictet Asset Management Holding SA now owns 385,931 shares of the premier technology solutions leader’s stock worth $48,527,000 after buying an additional 256,655 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Qnity Electronics by 20.7% in the third quarter. Alps Advisors Inc. now owns 14,444 shares of the premier technology solutions leader’s stock worth $1,816,000 after acquiring an additional 2,482 shares during the last quarter. CenterBook Partners LP acquired a new position in shares of Qnity Electronics in the third quarter worth $252,000. Finally, Heritage Family Offices LLP acquired a new position in shares of Qnity Electronics in the third quarter worth $79,000.

Qnity Electronics Price Performance

Shares of Q stock opened at $116.78 on Friday. The firm has a market cap of $24.41 billion and a P/E ratio of 43.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.09 and a quick ratio of 1.50. Qnity Electronics, Inc. has a 1-year low of $72.81 and a 1-year high of $177.28. The firm has a fifty day moving average of $121.03 and a two-hundred day moving average of $129.37.

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. The company had revenue of $1.56 billion during the quarter. Qnity Electronics had a net margin of 10.16% and a return on equity of 12.63%. As a group, research analysts anticipate that Qnity Electronics, Inc. will post 5.01 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, November 30th. Qnity Electronics’s dividend payout ratio (DPR) is 12.03%.

Insider Buying and Selling

In other news, Director Bondt De purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the purchase, the director owned 6,647 shares of the company’s stock, 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 can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Thursday. Royal Bank Of Canada dropped their target price on shares of Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Weiss Ratings cut Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Truist Financial began coverage on Qnity Electronics in a research report on Wednesday, October 14th. They set a “buy” rating and a $170.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price 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.

Qnity became an independent company through the separation of DuPont’s electronics business.