Aster Capital Management DIFC Ltd Acquires Shares of 5,398 Qnity Electronics, Inc. $Q

Aster Capital Management DIFC Ltd acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, Holdings Channel.com reports. The firm acquired 5,398 shares of the premier technology solutions leader’s stock, valued at approximately $441,000.

A number of other hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth $769,000. Cohen Klingenstein LLC bought a new position in Qnity Electronics during the 4th quarter worth about $587,000. KBC Group NV bought a new position in Qnity Electronics during the 4th quarter worth about $12,189,000. Wesbanco Bank Inc. bought a new position in Qnity Electronics during the 4th quarter worth about $1,566,000. Finally, Delta Capital Management LLC bought a new position in Qnity Electronics during the 4th quarter worth about $1,141,000.

Wall Street Analyst Weigh In

Q has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Mizuho increased their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, KeyCorp increased their target price 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 equities 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 stock presently has an average rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Stock Down 5.2%

NYSE:Q opened at $152.68 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 capitalization of $31.96 billion and a P/E ratio of 52.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The company’s 50-day simple moving average is $146.01 and its 200-day simple moving average is $115.88.

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, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.32 billion during the quarter. The company’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. On average, equities analysts anticipate that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, May 29th. 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.