Bank of New York Mellon Corp Purchases Shares of 1,297,010 Qnity Electronics, Inc. $Q

Bank of New York Mellon Corp acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,297,010 shares of the premier technology solutions leader’s stock, valued at approximately $105,901,000.

Other large investors also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in Qnity Electronics during the 4th quarter worth $25,000. Dunhill Financial LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics during the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter worth about $27,000. Finally, Motco purchased a new stake in shares of Qnity Electronics in the fourth quarter worth about $27,000.

Qnity Electronics Price Performance

Q stock opened at $142.31 on Monday. The stock’s 50 day moving average is $141.14 and its two-hundred day moving average is $112.35. 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 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 posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during 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. Analysts predict that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently disclosed 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. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is currently 11.00%.

Analyst Ratings Changes

Q has been the topic of several recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Mizuho boosted their target price 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. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Eight investment 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.com, Qnity Electronics has a consensus rating of “Moderate Buy” and an average target price of $151.33.

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.