Fifth Third Bancorp Invests $1.26 Million in Qnity Electronics, Inc. $Q

Key Points

• Fifth Third Bancorp bought a new stake of 15,436 shares in Qnity Electronics valued at about $1.26 million in the fourth quarter.
• Qnity beat quarterly estimates, reporting $0.82 EPS vs. $0.64 expected and $1.19 billion in revenue (+8.1% YoY), and set FY2026 guidance of $3.550–$3.950 EPS (analysts expect $3.78).
• The stock trades with a market cap of $30.73 billion and a PE of 80.13, was up ~4% on the report, and the company declared a $0.08 quarterly dividend (0.2% yield; ex-dividend May 29); consensus rating is a Moderate Buy with a $123.29 target.

Fifth Third Bancorp bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 15,436 shares of the premier technology solutions leader's stock, valued at approximately $1,260,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth about $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics in the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. acquired a new stake in Qnity Electronics during the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $27,000. Finally, Stephens Consulting LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $30,000.

Qnity Electronics Stock Up 4.0%

Shares of Q opened at $146.64 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The business's 50-day simple moving average is $123.16. The company has a market capitalization of $30.73 billion and a PE ratio of 80.13. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $147.99.

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 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 the consensus estimate of $1.15 billion. The company's quarterly revenue was up 8.1% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics's dividend payout ratio is currently 17.49%.

Wall Street Analyst Weigh In

Q has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on Qnity Electronics from $139.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Weiss Ratings initiated coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a "hold (c-)" rating on the stock. KeyCorp upped their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. Zacks Research cut Qnity Electronics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Finally, Mizuho set a $120.00 price target on shares of Qnity Electronics in a research note on Monday, February 23rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Qnity Electronics has a consensus rating of "Moderate Buy" and a consensus target price of $123.29.

About Qnity Electronics

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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