Qnity Electronics, Inc. $Q Shares Sold by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder AB cut its Qnity Electronics stake by 26.5% in the second quarter, selling 28,589 shares and retaining 79,174 shares valued at approximately $12.93 million.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $151.78. Recent upgrades and target increases were partly offset by RBC lowering its target to $189.
• Qnity Electronics exceeded quarterly earnings expectations, reporting $1.19 EPS versus the $1.07 estimate on $1.43 billion in revenue. The company also announced a quarterly dividend of $0.08 per share, equivalent to a 0.2% yield.

Handelsbanken Fonder AB lessened its stake in Qnity Electronics, Inc. (NYSE:Q - Free Report) by 26.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,174 shares of the premier technology solutions leader's stock after selling 28,589 shares during the period. Handelsbanken Fonder AB's holdings in Qnity Electronics were worth $12,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in Q. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of 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 valued at $25,000 after purchasing an additional 89 shares during the period. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $25,000. Motco purchased a new position in Qnity Electronics in the 4th quarter valued at $27,000. Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics in the 4th quarter valued at $27,000. Finally, Basepoint Wealth LLC acquired a new position in Qnity Electronics in the 1st quarter valued at $39,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on Q shares. Zacks Research upgraded shares of Qnity Electronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Qnity Electronics in a report on Wednesday, August 5th. BMO Capital Markets raised their price objective 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. Mizuho lifted their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada dropped their target price on Qnity Electronics from $200.00 to $189.00 and set an "outperform" rating on the stock in a research report 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $151.78.

Insiders Place Their Bets

In related news, Director Bondt Karin De bought 1,000 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $138.14 per share, with a total value of $138,140.00. Following the completion of the acquisition, the director owned 6,647 shares in the company, valued at approximately $918,216.58. This represents a 17.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.15% of the company's stock.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $142.53 on Friday. The firm has a market capitalization of $29.82 billion and a P/E ratio of 50.90. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28. The company's fifty day moving average is $144.84 and its two-hundred day moving average is $133.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.01.

Qnity Electronics (NYSE:Q - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.12. The business had revenue of $1.43 billion for the quarter. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts forecast that Qnity Electronics, Inc. will post 4.52 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given 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 Monday, August 31st. Qnity Electronics's dividend payout ratio is presently 11.43%.

About Qnity Electronics

Qnity Electronics, Inc NYSE: Q is a global supplier of materials and solutions used in semiconductor manufacturing and advanced electronics. The company develops technologies that support the production of integrated circuits, advanced semiconductor packages and other electronic components.

Its portfolio includes semiconductor process materials such as photoresists, dielectric and metallization materials, chemical-mechanical planarization products, cleaners and other specialty materials used during wafer fabrication and packaging.

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