Ancora Advisors LLC Invests $7.51 Million in Qnity Electronics, Inc. $Q

Key Points

• Ancora Advisors purchased 46,000 shares of Qnity Electronics in the second quarter, valued at approximately $7.51 million. Several other institutional investors also established new positions in the company.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $151.78, although RBC lowered its target to $189 while BMO raised its target to $185.
• Qnity exceeded quarterly earnings expectations, reporting $1.19 in EPS versus the $1.07 consensus estimate on $1.43 billion in revenue. The company also declared a quarterly dividend of $0.08 per share, yielding approximately 0.3%.

Ancora Advisors LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 46,000 shares of the premier technology solutions leader's stock, valued at approximately $7,512,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $769,000. Keybank National Association OH acquired a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $6,586,000. Wesbanco Bank Inc. acquired a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $1,566,000. Swedbank AB bought a new position in Qnity Electronics in the fourth quarter valued at approximately $3,940,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Qnity Electronics in the fourth quarter valued at approximately $2,253,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on Q. Zacks Research upgraded shares of Qnity Electronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Weiss Ratings downgraded Qnity Electronics from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, August 5th. Royal Bank Of Canada reduced their price objective on Qnity Electronics from $200.00 to $189.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 14th. BMO Capital Markets upped their target price on Qnity Electronics from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $151.78.

Insider Buying and Selling

In other Qnity Electronics news, Director Bondt Karin De bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $138.14 per share, with a total value of $138,140.00. Following the completion of the purchase, the director directly owned 6,647 shares of the company's stock, valued at approximately $918,216.58. This trade represents a 17.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is owned by corporate insiders.

Qnity Electronics Price Performance

Qnity Electronics stock opened at $126.57 on Wednesday. The stock's 50 day moving average is $142.29 and its 200 day moving average is $135.05. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28. The firm has a market cap of $26.48 billion and a P/E ratio of 45.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.01 and a quick ratio of 1.50.

Qnity Electronics (NYSE:Q - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.12. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. The firm had revenue of $1.43 billion during the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts expect that Qnity Electronics, Inc. will post 4.52 EPS for the current year.

Qnity Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.3%. Qnity Electronics's dividend payout ratio (DPR) is currently 11.43%.

Qnity Electronics Profile

Qnity Electronics, Inc is a global semiconductor materials and solutions company that develops technologies used throughout the semiconductor manufacturing and advanced electronics industries. The company supplies materials and process solutions designed to support the production of increasingly complex chips and electronic components.

Its offerings include materials and technologies for wafer fabrication, including dielectric and metal deposition, chemical mechanical planarization, lithography, cleaning and other process steps.

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