Qnity Electronics (NYSE:Q) Stock Rated Buy in New Coverage at Truist Financial

Truist Financial started coverage on shares of Qnity Electronics (NYSE:Q) in a report issued on Wednesday, Benzinga reports. The firm set a “buy” rating and a $170.00 price target on the premier technology solutions leader’s stock. Truist Financial’s price target indicates a potential upside of 38.27% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Qnity Electronics in a report on Wednesday, August 5th. Mizuho reduced their price target on Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 1st. BMO Capital Markets increased their target price on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Barclays initiated coverage on shares of Qnity Electronics in a research note on Monday. They issued an “overweight” rating and a $211.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Qnity Electronics Price Performance

Q opened at $122.95 on Wednesday. The company has a market capitalization of $25.72 billion and a price-to-earnings ratio of 43.91. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $177.28. The business’s fifty day simple moving average is $126.79 and its 200-day simple moving average is $137.55.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 EPS for the quarter, topping the consensus estimate of $1.07 by $0.12. The firm had revenue of $1.43 billion during the quarter. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts anticipate that Qnity Electronics will post 4.52 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Bondt De bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $138.14 per share, with a total value of $138,140.00. Following the transaction, the director directly owned 6,647 shares in the company, valued at $918,216.58. The trade was a 17.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of Qnity Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of Q. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after buying an additional 89 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $29,000. First Bancorp Inc ME bought a new position in shares of Qnity Electronics in the second quarter worth about $32,000. Markowski Investments acquired a new position in Qnity Electronics during the 2nd quarter valued at $33,000. Finally, NBH Bank bought a new stake in shares of Qnity Electronics in the second quarter valued at about $34,000.

Qnity Electronics Company Profile

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity’s product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.