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

Qnity Electronics, Inc. (NYSE:Q) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $103.6667.

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

Insider Activity

In other Qnity Electronics news, Director Anne P. Noonan purchased 3,240 shares of the stock in a transaction dated Friday, November 21st. The shares were bought at an average cost of $77.30 per share, with a total value of $250,452.00. Following the completion of the transaction, the director owned 3,240 shares in the company, valued at $250,452. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael G. Goss sold 1,895 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $84.79, for a total value of $160,677.05. Following the transaction, the vice president owned 13,305 shares in the company, valued at $1,128,130.95. This represents a 12.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,050 shares of company stock worth $827,659 in the last quarter. Insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Qnity Electronics

Several large investors have recently modified their holdings of the stock. Perigon Wealth Management LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $362,000. Sentry LLC acquired a new position in Qnity Electronics during the fourth quarter worth $224,000. Crewe Advisors LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at $43,000. Tempus Wealth Planning LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $267,000. Finally, Aberdeen Group plc bought a new stake in Qnity Electronics during the 4th quarter worth approximately $19,338,000.

Qnity Electronics Price Performance

Shares of Q opened at $97.28 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.78 and a quick ratio of 1.07. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $105.40. The stock’s fifty day moving average price is $83.78. The company has a market capitalization of $20.38 billion and a PE ratio of 96.32.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The business 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 was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 31.0%. Qnity Electronics’s dividend payout ratio (DPR) is currently 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.