Addenda Capital Inc. acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,600 shares of the premier technology solutions leader's stock, valued at approximately $3,315,000.
A number of other large investors have also modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics during the fourth quarter worth $26,000. Stephens Consulting LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth $30,000. Sound Income Strategies LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth $32,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth $33,000.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on Q. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $126.00 target price on shares of Qnity Electronics in a research note on Friday, February 20th. Zacks Research upgraded shares of Qnity Electronics from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 2nd. Weiss Ratings began coverage on shares of Qnity Electronics in a research note on Thursday, January 22nd. They set a "hold (c-)" rating for the company. Royal Bank Of Canada boosted their target price on shares of Qnity Electronics from $118.00 to $133.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 25th. Finally, Oppenheimer began coverage on shares of Qnity Electronics in a research note on Tuesday, December 16th. They set an "outperform" rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $120.86.
Check Out Our Latest Analysis on Qnity Electronics
Qnity Electronics Price Performance
NYSE Q opened at $129.25 on Thursday. 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, Inc. has a 1 year low of $70.50 and a 1 year high of $140.60. The firm has a market capitalization of $27.10 billion and a P/E ratio of 70.63. The company has a fifty day moving average of $112.41.
Qnity Electronics (NYSE:Q - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. The business's revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.
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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