Qnity Electronics, Inc. $Q Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC reduced its Qnity Electronics stake by 39.4% in the first quarter, selling 9,265 shares and retaining 14,276 shares valued at approximately $1.65 million.
• Analyst sentiment remains positive: Qnity has a consensus “Buy” rating and a $151.78 average price target, with several firms recently raising targets despite RBC lowering its objective to $189.
• Qnity reported quarterly EPS of $1.19, beating estimates of $1.07, on $1.43 billion in revenue. The company also announced a quarterly dividend of $0.08 per share, equivalent to a 0.2% yield.

Empowered Funds LLC lowered its stake in Qnity Electronics, Inc. (NYSE:Q - Free Report) by 39.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,276 shares of the premier technology solutions leader's stock after selling 9,265 shares during the period. Empowered Funds LLC's holdings in Qnity Electronics were worth $1,647,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dunhill Financial LLC purchased a new stake in Qnity Electronics during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Qnity Electronics by 71.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader's stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new position in Qnity Electronics during the fourth quarter worth about $27,000. Motco acquired a new position in Qnity Electronics during the fourth quarter worth about $27,000. Finally, Covestor Ltd purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at about $28,000.

Analyst Ratings Changes

Several analysts have recently commented on Q shares. BMO Capital Markets increased their price target on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, July 6th. Zacks Research upgraded Qnity Electronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Mizuho raised their price target on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Qnity Electronics in a report on Wednesday. Finally, Royal Bank Of Canada reduced their price objective on shares of Qnity Electronics from $200.00 to $189.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $151.78.

Qnity Electronics Trading Up 3.3%

Shares of Q opened at $137.78 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.57 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $28.83 billion and a P/E ratio of 49.21. The stock's fifty day simple moving average is $146.05 and its 200 day simple moving average is $131.77. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28.

Qnity Electronics (NYSE:Q - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 EPS for the quarter, topping the consensus estimate of $1.07 by $0.12. The company had revenue of $1.43 billion during 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. On average, equities research analysts forecast that Qnity Electronics, Inc. will post 4.62 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics's payout ratio is presently 11.43%.

Qnity Electronics Company Profile

Qnity Electronics NYSE: Q is a global materials and technology company serving the semiconductor and broader electronics industries. The company develops specialized materials, components and process solutions used in the manufacture of semiconductors, advanced electronic packages and other high-performance electronic devices.

Its offerings include materials and technologies for semiconductor fabrication, wafer processing, advanced packaging, interconnects and thermal management. These solutions are designed to support key manufacturing steps, including deposition, cleaning, polishing, lithography and the formation of electrical connections.

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