Geode Capital Management LLC Makes New Investment in Qnity Electronics, Inc. $Q

Geode Capital Management LLC purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,358,208 shares of the premier technology solutions leader’s stock, valued at approximately $435,786,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $27,000. Finally, Motco acquired a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $27,000.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $155.90 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The firm has a market cap of $32.64 billion and a P/E ratio of 53.57. The firm has a 50 day simple moving average of $137.41 and a 200 day simple moving average of $110.09. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52.

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

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on Q. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, KeyCorp raised their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Qnity Electronics currently has a consensus rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Company Profile

Qnity Electronics is a global provider of specialty materials and technology solutions used in the electronics and semiconductor industries. The company focuses on products that support advanced chip manufacturing, packaging, interconnects, and other high-performance applications where precision materials and process control are important.

Its portfolio includes materials and solutions designed for use in semiconductor fabrication, printed circuit boards, display technologies, and related electronic systems.