Squarepoint Ops LLC Sells 167,008 Shares of Qnity Electronics, Inc. $Q

Key Points

• Squarepoint Ops LLC cut its Qnity Electronics stake by 44.5% in the second quarter, selling 167,008 shares and retaining 208,687 shares valued at approximately $34.1 million.
• Institutional activity was mixed, with California State Teachers Retirement System dramatically increasing its position and several major firms—including State Street, Geode, and Invesco—establishing new stakes.
• Analysts remain broadly bullish, assigning the stock a consensus “Buy” rating and an average price target of $151.78. Qnity also exceeded quarterly EPS expectations, reporting $1.19 versus the $1.07 consensus estimate, and declared a $0.08-per-share dividend.

Squarepoint Ops LLC trimmed its holdings in shares of Qnity Electronics, Inc. (NYSE:Q - Free Report) by 44.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,687 shares of the premier technology solutions leader's stock after selling 167,008 shares during the period. Squarepoint Ops LLC owned about 0.10% of Qnity Electronics worth $34,081,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in Qnity Electronics by 19,306.9% in the second quarter. California State Teachers Retirement System now owns 51,320,004 shares of the premier technology solutions leader's stock worth $8,381,070,000 after acquiring an additional 51,055,562 shares during the period. State Street Corp bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $728,894,000. Geode Capital Management LLC purchased a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $435,786,000. Invesco Ltd. purchased a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $385,057,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Qnity Electronics by 741.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader's stock worth $518,787,000 after purchasing an additional 3,855,617 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on Q shares. Zacks Research upgraded Qnity Electronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Mizuho raised their target price on Qnity Electronics from $170.00 to $180.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Royal Bank Of Canada lowered their target price on Qnity Electronics from $200.00 to $189.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. 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 data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $151.78.

Qnity Electronics Stock Performance

NYSE Q opened at $123.31 on Wednesday. The company's 50 day moving average is $133.72 and its 200-day moving average is $135.96. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $177.28. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53. The firm has a market cap of $25.80 billion and a P/E ratio of 44.04.

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, beating analysts' consensus estimates of $1.07 by $0.12. The company 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. Sell-side analysts predict that Qnity Electronics, Inc. will post 4.52 earnings per share for the current year.

Qnity Electronics Announces Dividend

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. The ex-dividend date is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Qnity Electronics's dividend payout ratio is currently 11.43%.

Insider Activity at Qnity Electronics

In related news, Director Bondt De purchased 1,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was purchased 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 directly owned 6,647 shares of the company's stock, valued at approximately $918,216.58. The trade was a 17.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.15% of the stock is owned by insiders.

Qnity Electronics Profile

Qnity Electronics, Inc is a materials and technology company serving the semiconductor and broader electronics industries. The company develops specialized materials and process solutions used in semiconductor manufacturing, advanced packaging, interconnects and other electronic applications.

Its offerings include materials designed to support wafer fabrication, lithography, dielectric and metallization processes, chip packaging, printed circuit boards and high-performance electronic components.

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