Qnity Electronics, Inc. (NYSE:Q) Stock Has Consensus Price Target of $164.78 According to Analysts

Key Points

• Analysts are broadly bullish on Qnity Electronics: 9 of 11 covering analysts rate it Buy and one rates it Strong Buy; the average 12-month price target is $164.78.
• The company reported quarterly EPS of $1.46, beating the $1.18 consensus, on revenue of $1.56 billion. Analysts expect full-year EPS of $5.00.
• Shares opened at $118.27, below the average analyst target. Qnity declared a quarterly dividend of $0.08 per share, equivalent to a 0.3% yield.

Qnity Electronics, Inc. (NYSE:Q - Get Free Report) has received an average rating of "Buy" from the eleven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $164.78.

A number of analysts have recently issued reports on Q shares. Truist Financial began coverage on Qnity Electronics in a research report on Wednesday, October 14th. They set a "buy" rating and a $170.00 price target for the company. Weiss Ratings lowered Qnity Electronics from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, October 28th. Deutsche Bank restated a "buy" rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Mizuho lowered their target price on shares of Qnity Electronics from $180.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, October 1st. Finally, Zacks Research raised shares of Qnity Electronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 5th.

Institutional Trading of Qnity Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP lifted its holdings in shares of Qnity Electronics by 56.7% during the 3rd quarter. Marshall Wace LLP now owns 801,487 shares of the premier technology solutions leader's stock worth $100,779,000 after acquiring an additional 289,855 shares during the last quarter. Empowered Funds LLC increased its stake in Qnity Electronics by 20.6% in the third quarter. Empowered Funds LLC now owns 22,630 shares of the premier technology solutions leader's stock valued at $2,845,000 after acquiring an additional 3,868 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Qnity Electronics by 48.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 11,909 shares of the premier technology solutions leader's stock valued at $1,497,000 after acquiring an additional 3,873 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Qnity Electronics by 6.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 202,028 shares of the premier technology solutions leader's stock valued at $25,403,000 after acquiring an additional 11,478 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its position in Qnity Electronics by 6.8% during the third quarter. Mosaic Family Wealth Partners LLC now owns 6,550 shares of the premier technology solutions leader's stock valued at $824,000 after purchasing an additional 415 shares in the last quarter.

Qnity Electronics Stock Down 3.6%

Q opened at $118.27 on Friday. The company has a fifty day moving average price of $121.51 and a 200-day moving average price of $129.98. The firm has a market capitalization of $24.72 billion and a P/E ratio of 44.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.09 and a quick ratio of 1.58. Qnity Electronics has a one year low of $72.81 and a one year high of $177.28.

Qnity Electronics (NYSE:Q - Get Free Report) last posted its earnings results on Wednesday, November 4th. The premier technology solutions leader reported $1.46 EPS for the quarter, topping the consensus estimate of $1.18 by $0.28. The business had revenue of $1.56 billion during the quarter. Qnity Electronics had a return on equity of 12.63% and a net margin of 10.16%. Equities research analysts expect that Qnity Electronics will post 5.00 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Qnity Electronics's dividend payout ratio is presently 12.03%.

Qnity Electronics Company 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.

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