Coldstream Capital Management Inc. bought a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,230 shares of the premier technology solutions leader’s stock, valued at approximately $345,000.
Several other hedge funds have also recently added to or reduced their stakes in Q. Moisand Fitzgerald Tamayo LLC acquired a new position in Qnity Electronics in the fourth quarter valued at about $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new position in Qnity Electronics in the fourth quarter valued at approximately $27,000. Finally, Motco bought a new position in Qnity Electronics in the fourth quarter valued at approximately $27,000.
Qnity Electronics Stock Performance
Shares of NYSE Q opened at $155.90 on Friday. 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. The stock has a 50 day moving average of $137.41 and a 200-day moving average of $110.00. The company has a market capitalization of $32.64 billion and a P/E ratio of 53.57.
Qnity Electronics Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is currently 11.00%.
Wall Street Analysts Forecast Growth
Q has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and issued 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 target price on Qnity Electronics in a research report on Wednesday, May 13th. KeyCorp lifted their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Finally, Mizuho lifted their target price on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.33.
Get Our Latest Research Report on Q
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.
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