Qnity Electronics (NYSE:Q) Stock Picked Up by Analysts at Truist Financial

Key Points

• Truist Financial initiated coverage of Qnity Electronics with a “buy” rating and a $170 price target, implying 38.27% upside from the prior close.
• Analyst sentiment is broadly positive: 10 analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and an average target of $157.
• Qnity reported quarterly EPS of $1.19, beating estimates of $1.07, on $1.43 billion in revenue; its shares opened at $122.95 and have traded between $70.50 and $177.28 over the past year.

Equities research analysts at Truist Financial initiated coverage on shares of Qnity Electronics (NYSE:Q - Get Free Report) in a research note issued to investors 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 objective would indicate a potential upside of 38.27% from the company's previous close.

A number of other research analysts also recently commented on Q. Mizuho lowered their price target on shares of Qnity Electronics from $180.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, October 1st. Weiss Ratings upgraded Qnity Electronics from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday. Royal Bank Of Canada reduced their price objective on Qnity Electronics from $200.00 to $189.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 14th. Barclays initiated coverage on Qnity Electronics in a research report on Monday. They set an "overweight" rating and a $211.00 price objective on the stock. Finally, Zacks Research lowered Qnity Electronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $157.00.

Qnity Electronics Trading Down 0.2%

Qnity Electronics stock opened at $122.95 on Wednesday. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $177.28. The firm has a market capitalization of $25.72 billion and a price-to-earnings ratio of 43.91. The firm has a 50 day moving average of $126.79 and a 200 day moving average of $137.55. 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 (NYSE:Q - Get Free Report) last issued its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.12. The company had revenue of $1.43 billion for 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. As a group, research analysts predict that Qnity Electronics will post 4.52 earnings per share for the current year.

Insider Transactions at Qnity Electronics

In other Qnity Electronics news, Director Bondt De bought 1,000 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the transaction, the director directly owned 6,647 shares of the company's stock, valued at approximately $918,216.58. This represents a 17.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Qnity Electronics

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in 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 valued at $518,787,000 after acquiring an additional 3,855,617 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Qnity Electronics by 3.8% during the first quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader's stock worth $233,447,000 after purchasing an additional 73,662 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Qnity Electronics by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,661,636 shares of the premier technology solutions leader's stock worth $191,569,000 after purchasing an additional 48,629 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Qnity Electronics by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 1,334,852 shares of the premier technology solutions leader's stock valued at $154,015,000 after purchasing an additional 37,842 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Qnity Electronics by 182.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,168,746 shares of the premier technology solutions leader's stock valued at $134,850,000 after purchasing an additional 754,810 shares during the period.

About Qnity Electronics

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.

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