Pacer Advisors Inc. reduced its stake in Qnity Electronics, Inc. (NYSE:Q - Free Report) by 98.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,739 shares of the premier technology solutions leader's stock after selling 781,519 shares during the quarter. Pacer Advisors Inc.'s holdings in Qnity Electronics were worth $1,354,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC increased its position in Qnity Electronics by 71.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader's stock worth $25,000 after buying an additional 89 shares in the last quarter. Dunhill Financial LLC purchased a new position in shares of Qnity Electronics during the 4th quarter valued at about $25,000. Motco bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $27,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $27,000. Finally, Basepoint Wealth LLC purchased a new stake in Qnity Electronics in the 1st quarter worth approximately $39,000.
Qnity Electronics Price Performance
Qnity Electronics stock opened at $137.78 on Friday. The company has a market cap of $28.83 billion and a price-to-earnings ratio of 49.21. The firm's fifty day moving average is $146.05 and its 200 day moving average is $131.77. The company has a quick ratio of 1.57, a current ratio of 2.01 and a debt-to-equity ratio of 0.53. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28.
Qnity Electronics (NYSE:Q - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.12. The company had revenue of $1.43 billion for the quarter. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%.Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts forecast that Qnity Electronics, Inc. will post 4.52 EPS for the current fiscal year.
Qnity Electronics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics's dividend payout ratio (DPR) is currently 11.43%.
Wall Street Analysts Forecast Growth
Q has been the topic of several analyst reports. Zacks Research raised shares of Qnity Electronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Qnity Electronics in a research report on Wednesday. Mizuho lifted their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. BMO Capital Markets upped 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. Finally, Royal Bank Of Canada cut their price target on Qnity Electronics from $200.00 to $189.00 and set an "outperform" rating for the company in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Qnity Electronics currently has an average rating of "Buy" and an average target price of $151.78.
View Our Latest Stock Analysis on Qnity Electronics
Qnity Electronics Profile
(
Free Report)
Qnity Electronics, Inc NYSE: Q is a global electronic materials company focused on supplying materials and solutions used in semiconductor and advanced electronics manufacturing. The company serves customers across the semiconductor fabrication, advanced packaging, printed circuit board and display markets.
Its portfolio includes materials used in semiconductor processing and lithography, chemical-mechanical planarization, chip packaging and interconnect applications. Qnity's products are designed to support the manufacture of increasingly complex integrated circuits and electronic components, helping customers improve performance, reliability and production efficiency.
Qnity Electronics was established through the separation of DuPont's Electronics business and operates as an independent company.
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