Forsta AP Fonden Invests $3.43 Million in Qnity Electronics, Inc. $Q

Forsta AP Fonden purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,950 shares of the premier technology solutions leader’s stock, valued at approximately $3,425,000.

Other hedge funds also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new position in Qnity Electronics during the fourth quarter worth $25,000. Dunhill Financial LLC bought a new position in Qnity Electronics during the fourth quarter worth $25,000. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics during the fourth quarter worth $26,000. Provenance Wealth Advisors LLC bought a new position in Qnity Electronics during the fourth quarter worth $27,000. Finally, Motco bought a new position in Qnity Electronics during the fourth quarter worth $27,000.

Qnity Electronics Stock Up 2.6%

Qnity Electronics stock opened at $155.86 on Wednesday. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The stock has a market cap of $32.63 billion and a PE ratio of 53.56. The firm’s 50-day simple moving average is $138.20 and its 200 day simple moving average is $110.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The business’s revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Research analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company 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 dividend of $0.08 per share. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is 11.00%.

Wall Street Analyst Weigh In

Q has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Mizuho upped their price objective on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Qnity Electronics currently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Company Profile

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