Qnity Electronics (NYSE:Q) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Qnity Electronics (NYSE:Q) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other brokerages have also commented on Q. Mizuho decreased their price objective on shares of Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Wolfe Research initiated coverage on Qnity Electronics in a research note on Monday, November 3rd. They issued an “outperform” rating and a $110.00 price target on the stock. New Street Research set a $110.00 price objective on shares of Qnity Electronics in a research note on Monday, November 3rd. Zacks Research raised shares of Qnity Electronics to a “hold” rating in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Qnity Electronics in a research note on Monday. They set a “buy” rating and a $92.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.40.

Qnity Electronics Trading Up 1.8%

NYSE:Q opened at $79.43 on Monday. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $105.40.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion.

Qnity Electronics Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 31.0%.

Insider Buying and Selling

In other Qnity Electronics news, Director Anne P. Noonan purchased 3,240 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $77.30 per share, for a total transaction of $250,452.00. Following the completion of the purchase, the director owned 3,240 shares of the company’s stock, valued at approximately $250,452. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.40% of the stock is currently owned by corporate insiders.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.