Horizon Investments LLC Buys New Shares in Qnity Electronics, Inc. $Q

Key Points

• Horizon Investments LLC opened a new position in Qnity Electronics during the fourth quarter, buying 10,445 shares worth about $853,000.
• Qnity Electronics reported strong quarterly results, posting earnings of $0.82 per share versus expectations of $0.64 and revenue of $1.19 billion, which topped estimates and rose 8.1% year over year.
• The company recently declared a quarterly dividend of $0.08 per share, while analysts currently hold a Moderate Buy consensus rating with an average price target of $129.57.

Horizon Investments LLC bought a new stake in Qnity Electronics, Inc. (NYSE:Q - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,445 shares of the premier technology solutions leader's stock, valued at approximately $853,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Essex Bank acquired a new position in Qnity Electronics in the fourth quarter valued at $348,000. Fifth Third Bancorp acquired a new position in Qnity Electronics in the fourth quarter valued at $1,260,000. Danske Bank A S acquired a new position in Qnity Electronics in the fourth quarter valued at $13,592,000. Mutual Advisors LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $415,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Qnity Electronics in the fourth quarter valued at $974,000.

Qnity Electronics Trading Down 3.9%

Q stock opened at $143.67 on Friday. The firm's 50-day moving average price is $124.47. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $151.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95. The stock has a market capitalization of $30.11 billion and a P/E ratio of 78.51.

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

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics's dividend payout ratio is presently 17.49%.

Analyst Upgrades and Downgrades

Several research firms recently commented on Q. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $170.00 target price on shares of Qnity Electronics in a research note on Thursday. Zacks Research downgraded Qnity Electronics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Mizuho set a $120.00 price target on Qnity Electronics in a research report on Monday, February 23rd. KeyCorp boosted their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an "overweight" rating in a research report on Friday, February 27th. Finally, Weiss Ratings started coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a "hold (c-)" rating for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $129.57.

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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