Glenview Trust Co Invests $358,000 in Qnity Electronics, Inc. $Q

Glenview Trust Co acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,380 shares of the premier technology solutions leader’s stock, valued at approximately $358,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $26,000. Motco bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $27,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $27,000.

Qnity Electronics Trading Up 4.8%

NYSE Q opened at $164.49 on Wednesday. The stock has a 50-day simple moving average of $134.72 and a 200 day simple moving average of $108.76. The company has a market capitalization of $34.43 billion and a PE ratio of 56.53. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Research analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is presently 11.00%.

Analyst Ratings Changes

Several research firms recently commented on Q. KeyCorp raised their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. BMO Capital Markets restated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Company Profile

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