CIBC Asset Management Inc Acquires Shares of 50,429 Qnity Electronics, Inc. $Q

CIBC Asset Management Inc acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 50,429 shares of the premier technology solutions leader’s stock, valued at approximately $4,118,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in Q. Kestra Private Wealth Services LLC purchased a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $769,000. Cohen Klingenstein LLC purchased a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $587,000. KBC Group NV purchased a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $12,189,000. Keybank National Association OH purchased a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $6,586,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $1,566,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Stock Down 8.1%

Shares of Q opened at $142.31 on Friday. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $171.52. The company has a market capitalization of $29.79 billion and a PE ratio of 48.91. The stock has a fifty day simple moving average of $141.14 and a two-hundred day simple moving average of $112.13. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. Qnity Electronics’s quarterly 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. As a group, equities analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The business 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. 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 11.00%.

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.