Ballentine Partners LLC Makes New Investment in Qnity Electronics, Inc. $Q

Key Points

• Ballentine Partners LLC opened a new position in Qnity Electronics during the fourth quarter, buying 16,494 shares worth about $1.35 million.
• Qnity Electronics reported stronger-than-expected quarterly results, posting $0.82 EPS versus the $0.64 consensus and revenue of $1.19 billion, up 8.1% year over year.
• Wall Street remains generally positive on the stock, with six Buy ratings and two Hold ratings; the average analyst target is $129.57, though the shares recently traded near $147.24.

Ballentine Partners LLC purchased a new position in Qnity Electronics, Inc. (NYSE:Q - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,494 shares of the premier technology solutions leader's stock, valued at approximately $1,347,000.

A number of other institutional investors have also bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC purchased a new stake in Qnity Electronics in the 4th quarter worth $25,000. Dunhill Financial LLC purchased a new stake in Qnity Electronics in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. purchased a new stake in Qnity Electronics in the 4th quarter worth $26,000. Provenance Wealth Advisors LLC purchased a new stake in Qnity Electronics in the 4th quarter worth $27,000. Finally, Stephens Consulting LLC purchased a new stake in Qnity Electronics in the 4th quarter worth $30,000.

Qnity Electronics Stock Down 0.1%

Q opened at $147.24 on Monday. The firm's 50-day moving average is $124.47. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $151.36. The company has a market cap of $30.86 billion and a P/E ratio of 80.46. 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 results 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. The firm's revenue for the quarter 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, sell-side analysts expect that Qnity Electronics, Inc. will post 3.78 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 17.49%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on Q. Royal Bank Of Canada increased their price target on Qnity Electronics from $139.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Mizuho set a $120.00 price objective on shares of Qnity Electronics in a report on Monday, February 23rd. Zacks Research downgraded shares of Qnity Electronics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $170.00 price objective on shares of Qnity Electronics in a report on Thursday. Finally, KeyCorp increased their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an "overweight" rating in a report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $129.57.

Qnity Electronics Profile

Qnity Electronics is a technology company focused on electronic materials and solutions used in the manufacturing of semiconductors and related advanced electronics. Its offerings are designed to support customers across the electronics supply chain, particularly in applications that require high-performance materials and process technologies.

The company's business appears centered on products and services that help enable chip fabrication, packaging, and other electronics manufacturing processes.

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