American Assets Investment Management LLC Takes Position in Qnity Electronics, Inc. $Q

Key Points

• American Assets Investment Management disclosed a new fourth-quarter stake in Qnity Electronics, buying 26,970 shares valued at about $2.2 million.
• Several other institutional investors also opened positions in Qnity Electronics during the quarter, while Wall Street analysts remain generally constructive with a Moderate Buy consensus and a target price of $129.57.
• Qnity Electronics reported stronger-than-expected quarterly results, with EPS of $0.82 and revenue of $1.19 billion, and it also announced a quarterly dividend of $0.08 per share.

American Assets Investment Management LLC acquired a new stake in Qnity Electronics, Inc. (NYSE:Q - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 26,970 shares of the premier technology solutions leader's stock, valued at approximately $2,202,000.

A number of other hedge funds and other institutional investors have also modified their holdings of Q. GAMMA Investing LLC acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at $461,000. Neville Rodie & Shaw Inc. purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $526,000. Investors Research Corp purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $102,000. Board of the Pension Protection Fund purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $73,000. Finally, Canal Capital Management LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $331,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on Q shares. Mizuho set a $120.00 target price on shares of Qnity Electronics in a research report on Monday, February 23rd. Weiss Ratings started coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They issued a "hold (c-)" rating on the stock. Zacks Research downgraded shares of Qnity Electronics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their target price on shares of Qnity Electronics from $139.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $170.00 target price on shares of Qnity Electronics in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Qnity Electronics currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.57.

Qnity Electronics Stock Up 2.5%

Shares of NYSE Q opened at $147.24 on Friday. 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, Inc. has a 52 week low of $70.50 and a 52 week high of $151.36. The company has a 50-day moving average of $124.47. The firm has a market capitalization of $30.86 billion and a PE ratio of 80.46.

Qnity Electronics (NYSE:Q - Get Free Report) last announced its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.18. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The business's quarterly 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. Equities research analysts expect that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. 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 payout ratio is 17.49%.

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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