17,222 Shares in Qnity Electronics, Inc. $Q Acquired by Cardinal Capital Management

Cardinal Capital Management bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,222 shares of the premier technology solutions leader's stock, valued at approximately $1,406,000.

A number of other large investors have also bought and sold shares of the business. Bogart Wealth LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $109,000. Brown University bought a new stake in Qnity Electronics during the 4th quarter worth approximately $732,000. Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in Qnity Electronics during the 4th quarter worth approximately $33,169,000. Keybank National Association OH bought a new stake in Qnity Electronics during the 4th quarter worth approximately $6,586,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $47,000.

Qnity Electronics Stock Down 4.3%

Shares of Q opened at $137.61 on Wednesday. The company has a market cap of $28.84 billion and a PE ratio of 75.19. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $146.67. The business's 50 day simple moving average is $121.41. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 firm's quarterly 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, sell-side analysts anticipate that Qnity Electronics, Inc. will post 3.78 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics's dividend payout ratio (DPR) is currently 17.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Qnity Electronics from $139.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $126.00 price target on shares of Qnity Electronics in a research note on Friday, February 20th. Zacks Research cut shares of Qnity Electronics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 21st. KeyCorp raised their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Finally, Mizuho set a $120.00 price target on shares of Qnity Electronics in a research note on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.29.

Qnity Electronics Profile

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

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