Qnity Electronics (NYSE:Q) Sets New 1-Year High – Here’s Why

Shares of Qnity Electronics, Inc. (NYSE:Q) reached a new 52-week high on Monday . The stock traded as high as $153.25 and last traded at $153.45, with a volume of 361898 shares changing hands. The stock had previously closed at $147.33.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on Q shares. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Mizuho set a $120.00 price objective on Qnity Electronics in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $170.00 price objective on shares of Qnity Electronics in a research note on Thursday. Royal Bank Of Canada upped their price objective on Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $129.57.

Qnity Electronics Stock Performance

The firm has a market cap of $32.28 billion and a price-to-earnings ratio of 84.18. The stock has a 50-day moving average of $124.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. The business’s 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, equities analysts predict 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. Shareholders of record on Friday, May 29th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in Qnity Electronics in the 4th quarter valued at $2,226,626,000. State Street Corp bought a new position in shares of Qnity Electronics in the 4th quarter worth $728,894,000. Geode Capital Management LLC bought a new position in shares of Qnity Electronics in the 4th quarter worth $435,786,000. Invesco Ltd. bought a new position in shares of Qnity Electronics in the 4th quarter worth $385,057,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Qnity Electronics by 741.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock worth $518,787,000 after purchasing an additional 3,855,617 shares during the last quarter.

Qnity Electronics Company Profile

Qnity Electronics is a company focused on the electronics industry, providing products and solutions used in a range of technology and industrial applications. Based on the available information, the company’s business centers on electronics-related offerings, though detailed public information about its specific product lines is limited.

At this time, there is not enough reliable information available to confidently describe Qnity Electronics’ history, geographic footprint, or leadership without risking inaccuracies.