Qnity Electronics, Inc. (NYSE:Q) Given Average Rating of “Moderate Buy” by Analysts

Qnity Electronics, Inc. (NYSE:Q) has been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $104.40.

Several brokerages have issued reports on Q. Zacks Research raised shares of Qnity Electronics to a “hold” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft started coverage on Qnity Electronics in a report on Monday. They set a “buy” rating and a $92.00 price target on the stock. New Street Research set a $110.00 price objective on Qnity Electronics in a research note on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on Qnity Electronics from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Wall Street Zen raised Qnity Electronics to a “hold” rating in a research note on Friday.

Insider Transactions at Qnity Electronics

In related news, Director Anne P. Noonan purchased 3,240 shares of Qnity Electronics stock in a transaction on Friday, November 21st. The stock was bought at an average price of $77.30 per share, with a total value of $250,452.00. Following the completion of the transaction, the director directly owned 3,240 shares of the company’s stock, valued at approximately $250,452. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.40% of the company’s stock.

Qnity Electronics Stock Performance

Shares of Q stock opened at $81.09 on Friday. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $105.40.

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

Qnity Electronics Dividend Announcement

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

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.