BOK Financial Private Wealth Inc. purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,242 shares of the premier technology solutions leader’s stock, valued at approximately $346,000.
Other hedge funds have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics during the 4th quarter valued at approximately $26,000. Provenance Wealth Advisors LLC bought a new position in Qnity Electronics during the 4th quarter valued at approximately $27,000. Finally, Motco purchased a new position in Qnity Electronics during the fourth quarter valued at $27,000.
Qnity Electronics Stock Down 0.2%
Qnity Electronics stock opened at $152.71 on Friday. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The stock has a fifty day simple moving average of $131.79 and a two-hundred day simple moving average of $107.48. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The firm has a market cap of $31.97 billion and a price-to-earnings ratio of 52.48.
Qnity Electronics Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is currently 11.00%.
Analysts Set New Price Targets
Several research firms have commented on Q. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. KeyCorp increased their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. BMO Capital Markets restated an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Mizuho lifted their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.
Qnity Electronics Company Profile
Qnity Electronics is a provider of electronic materials and related solutions used in the manufacturing of semiconductors and other advanced technology products. The company’s offerings are designed to support critical production steps across the electronics supply chain, including materials used in chip fabrication, packaging, and other precision applications.
Because Qnity Electronics is a relatively new or limited public-company reference under the ticker NYSE:Q, reliable publicly available details about its full operating history, geographic footprint, and executive leadership were not sufficient to confirm without risk of inaccuracy.
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