Auxier Asset Management LLC Purchases New Position in Qnity Electronics, Inc. $Q

Auxier Asset Management LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,188 shares of the premier technology solutions leader’s stock, valued at approximately $1,893,000.

A number of other institutional investors have also recently made changes to their positions in Q. Vanguard Group Inc. bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $2,226,626,000. State Street Corp bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $728,894,000. Geode Capital Management LLC bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $435,786,000. Franklin Resources Inc. bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $287,519,000. Finally, Morgan Stanley bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $261,729,000.

Qnity Electronics Stock Up 2.8%

Shares of NYSE Q opened at $156.49 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The company has a market cap of $32.76 billion and a P/E ratio of 53.78. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The firm has a 50-day simple moving average of $146.76 and a two-hundred day simple moving average of $116.42.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion during the quarter. The firm’s quarterly 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. Research analysts anticipate that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. KeyCorp increased their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Mizuho increased their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Qnity Electronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

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.