Qnity Electronics, Inc. (NYSE:Q) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Qnity Electronics, Inc. (NYSE:Q) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $103.6667.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada cut their target price on Qnity Electronics from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. Wolfe Research began coverage on shares of Qnity Electronics in a report on Monday, November 3rd. They issued an “outperform” rating and a $110.00 price target on the stock. Oppenheimer began coverage on shares of Qnity Electronics in a research note on Tuesday, December 16th. They set an “outperform” rating and a $100.00 price objective on the stock. Zacks Research raised shares of Qnity Electronics to a “hold” rating in a research report on Thursday, November 6th. Finally, Mizuho cut their target price on shares of Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th.

Insider Transactions at Qnity Electronics

In related news, insider Sang Ho Kang sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $74.50, for a total transaction of $186,250.00. Following the sale, the insider directly owned 15,647 shares of the company’s stock, valued at approximately $1,165,701.50. This represents a 13.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anne P. Noonan acquired 3,240 shares of Qnity Electronics stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average price of $77.30 per share, for a total transaction of $250,452.00. Following the completion of the purchase, the director directly owned 3,240 shares of the company’s stock, valued at $250,452. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 10,050 shares of company stock worth $827,659.

Qnity Electronics Stock Up 1.5%

Shares of NYSE Q opened at $83.10 on Wednesday. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $105.40. The stock has a market cap of $17.41 billion and a PE ratio of 82.28. 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 (NYSE:Q) last issued its quarterly earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.23 billion.

Qnity Electronics Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.06 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 31.0%. Qnity Electronics’s dividend payout ratio is presently 23.76%.

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.