CENTRAL TRUST Co acquired a new position in Qnity Electronics, Inc. (NYSE:Q - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,256 shares of the premier technology solutions leader's stock, valued at approximately $674,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in Qnity Electronics in the fourth quarter worth approximately $2,226,626,000. Massachusetts Financial Services Co. MA acquired a new stake in Qnity Electronics in the fourth quarter worth approximately $125,587,000. UBS Group AG acquired a new stake in Qnity Electronics in the fourth quarter worth approximately $120,414,000. M&T Bank Corp acquired a new stake in Qnity Electronics in the fourth quarter worth approximately $65,334,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Qnity Electronics in the fourth quarter worth approximately $44,200,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on Q shares. Zacks Research downgraded Qnity Electronics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Mizuho set a $120.00 target price on Qnity Electronics in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $126.00 target price on shares of Qnity Electronics in a research report on Friday, February 20th. Weiss Ratings started coverage on Qnity Electronics in a research report on Thursday, January 22nd. They issued a "hold (c-)" rating for the company. Finally, KeyCorp upped their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $123.29.
View Our Latest Report on Q
Qnity Electronics Stock Performance
Shares of NYSE:Q opened at $141.02 on Tuesday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $146.67. The firm's fifty day moving average is $122.50. The firm has a market cap of $29.56 billion and a P/E ratio of 77.06. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The company'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. As a group, research analysts forecast that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.
Qnity Electronics Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics's dividend payout ratio is presently 17.49%.
Qnity Electronics Profile
(
Free Report)
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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