Assenagon Asset Management S.A. Purchases 457,464 Shares of Qnity Electronics, Inc. $Q

Key Points

• Assenagon Asset Management increased its Qnity Electronics position by 314.6%, purchasing 457,464 shares to reach 602,878 shares valued at approximately $75.8 million.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $154.36, although RBC and Mizuho recently cut their targets to $160.
• Qnity reported quarterly EPS of $1.19, beating estimates of $1.07, and declared a quarterly dividend of $0.08 per share, equivalent to a modest 0.3% annual yield.

Assenagon Asset Management S.A. lifted its position in Qnity Electronics, Inc. (NYSE:Q - Free Report) by 314.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 602,878 shares of the premier technology solutions leader's stock after purchasing an additional 457,464 shares during the quarter. Assenagon Asset Management S.A. owned about 0.29% of Qnity Electronics worth $75,806,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of Qnity Electronics by 25.2% in the 1st quarter. Cetera Investment Advisers now owns 59,846 shares of the premier technology solutions leader's stock valued at $6,905,000 after acquiring an additional 12,041 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Qnity Electronics in the 2nd quarter valued at approximately $52,121,000. Tidal Investments LLC boosted its holdings in shares of Qnity Electronics by 153.6% in the 2nd quarter. Tidal Investments LLC now owns 51,587 shares of the premier technology solutions leader's stock worth $8,425,000 after purchasing an additional 31,246 shares during the period. Delta Global Management LP purchased a new position in Qnity Electronics during the first quarter worth $1,376,000. Finally, Troluce Capital Advisors LLC bought a new position in Qnity Electronics during the second quarter valued at $4,916,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, July 6th. Weiss Ratings raised shares of Qnity Electronics from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday. Royal Bank Of Canada dropped their target price on Qnity Electronics from $189.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday. Mizuho dropped their price objective on Qnity Electronics from $180.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, October 1st. Finally, Truist Financial began coverage on Qnity Electronics in a research report on Wednesday. They issued a "buy" rating and a $170.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned 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 $154.36.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $115.33 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The stock's fifty day moving average price is $125.78 and its 200-day moving average price is $137.51. The firm has a market cap of $24.13 billion and a P/E ratio of 29.17. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $177.28.

Qnity Electronics (NYSE:Q - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.12. The company had revenue of $1.43 billion during the quarter. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts expect that Qnity Electronics, Inc. will post 4.41 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, November 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Qnity Electronics's dividend payout ratio (DPR) is currently 11.43%.

More Qnity Electronics News

Here are the key news stories impacting Qnity Electronics this week:

• Positive Sentiment: Truist Securities initiated coverage with a Buy rating and a $170 price target, implying substantial potential upside from recent trading levels. Truist Securities initiates coverage of Qnity Electronics at buy
• Positive Sentiment: Barclays upgraded Qnity Electronics to “strong-buy,” adding another bullish signal from the analyst community. Barclays upgrades Qnity Electronics
• Positive Sentiment: Qnity declared a quarterly dividend of $0.08 per share, payable December 15 to shareholders of record November 30. The annualized dividend is $0.32 per share, although the yield is modest at approximately 0.3%. Qnity Announces Fourth Quarter 2026 Dividend
• Neutral Sentiment: Royal Bank of Canada maintained an “outperform” rating but reduced its price target to $160 from $189. The retained rating remains constructive, while the lower target signals more cautious expectations. RBC cuts price target on Qnity Electronics
• Negative Sentiment: RBC’s 15% reduction in its price target may be weighing on sentiment, despite the stock still offering significant implied upside and retaining an outperform rating. Qnity trades at an elevated forward valuation relative to its modest dividend yield, increasing sensitivity to valuation-related analyst revisions. Royal Bank of Canada cuts Qnity stock target

Insider Activity

In other Qnity Electronics news, Director Bondt De acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $138.14 per share, with a total value of $138,140.00. Following the completion of the acquisition, the director directly owned 6,647 shares in the company, valued at $918,216.58. This represents a 17.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company's stock.

Qnity Electronics Profile

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity's product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.

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