Insider Selling: Qnity Electronics (NYSE:Q) Insider Sells 2,500 Shares of Stock

Key Points

• Insider Sang Ho Kang sold 2,500 shares of Qnity Electronics on November 21 at an average price of $74.50 for $186,250, trimming his position by 13.78% to 15,647 shares (worth about $1.166M).
• Qnity beat estimates with quarterly EPS of $1.01 versus $0.69 and revenue of $1.28B versus $1.23B, and announced a $0.06 per share dividend payable December 15 (record date Dec 1, ex-dividend Nov 28), a reported yield of 31.0%.
• Analysts show a generally positive view (average "Moderate Buy" rating, avg target $104.40 with four Buys and one Hold), while the stock recently traded around $85.01 within a 12‑month range of $70.50–$105.40.

Qnity Electronics, Inc. (NYSE:Q - Get Free Report) insider Sang Ho Kang sold 2,500 shares of Qnity Electronics stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $74.50, for a total value of $186,250.00. Following the sale, the insider directly owned 15,647 shares in the company, valued at $1,165,701.50. This trade represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Qnity Electronics Price Performance

Q stock traded up $0.71 during midday trading on Tuesday, hitting $85.01. The company's stock had a trading volume of 1,404,904 shares, compared to its average volume of 2,819,970. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.78. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $105.40.

Qnity Electronics (NYSE:Q - Get Free Report) last released its earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 EPS for the quarter, topping the consensus estimate of $0.69 by $0.32. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.23 billion.

Qnity Electronics Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.06 per share. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend is Friday, November 28th.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on Q shares. Wall Street Zen raised Qnity Electronics to a "hold" rating in a report on Friday, November 28th. Zacks Research raised Qnity Electronics to a "hold" rating in a research note on Thursday, November 6th. New Street Research set a $110.00 target price on Qnity Electronics in a research report on Monday, November 3rd. Royal Bank Of Canada cut their target price on shares of Qnity Electronics from $120.00 to $110.00 and set an "outperform" rating for the company in a report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Qnity Electronics in a research note on Monday, November 24th. They set a "buy" rating and a $92.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $104.40.

Qnity Electronics Company Profile

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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