Qnity Electronics (NYSE:Q) Hits New 12-Month High – Here’s Why

Qnity Electronics, Inc. (NYSE:Q) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $147.01 and last traded at $147.1360, with a volume of 310846 shares. The stock had previously closed at $141.06.

Wall Street Analyst Weigh In

Several research analysts recently commented on Q shares. Royal Bank Of Canada raised their price target on shares of Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings started coverage on shares of Qnity Electronics in a report on Thursday, January 22nd. They issued a “hold (c-)” rating on the stock. KeyCorp raised their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Mizuho set a $120.00 price target on shares of Qnity Electronics in a report on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

Qnity Electronics Stock Up 4.0%

The stock’s fifty day moving average is $122.50. 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 firm has a market cap of $30.73 billion and a PE ratio of 80.13.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, beating the consensus estimate of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. Equities analysts expect that Qnity Electronics, Inc. will post 3.78 EPS for the current year.

Qnity Electronics Announces Dividend

The company 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 (DPR) is currently 17.49%.

Institutional Trading of Qnity Electronics

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $2,226,626,000. State Street Corp purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $728,894,000. Geode Capital Management LLC purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $435,786,000. Invesco Ltd. purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $385,057,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $287,519,000.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.