Bridges Investment Management Inc. Acquires New Position in Qnity Electronics, Inc. $Q

Bridges Investment Management Inc. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,565 shares of the premier technology solutions leader’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $769,000. Cohen Klingenstein LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $587,000. KBC Group NV purchased a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $12,189,000. Delta Capital Management LLC purchased a new position in Qnity Electronics during the 4th quarter worth approximately $1,141,000. Finally, Wesbanco Bank Inc. purchased a new position in Qnity Electronics during the 4th quarter worth approximately $1,566,000.

Analyst Ratings Changes

Q has been the subject of a number of recent research reports. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. KeyCorp raised their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Royal Bank Of Canada raised their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Mizuho raised their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Qnity Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $154.68 on Friday. The stock has a market capitalization of $32.38 billion and a price-to-earnings ratio of 53.16. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The firm’s 50 day simple moving average is $140.70 and its 200-day simple moving average is $111.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

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 paid 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 yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.

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.