Groupama Asset Managment bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,384 shares of the premier technology solutions leader’s stock, valued at approximately $766,000.
A number of other hedge funds have also bought and sold shares of Q. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics in the 4th quarter worth $26,000. Provenance Wealth Advisors LLC acquired a new stake in Qnity Electronics during the 4th quarter worth about $27,000. Finally, Motco acquired a new stake in Qnity Electronics during the 4th quarter worth about $27,000.
Analysts Set New Price Targets
Several research analysts have recently issued reports on Q shares. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. KeyCorp lifted their price objective on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Mizuho boosted their price objective on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Qnity Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $151.33.
Qnity Electronics Price Performance
Qnity Electronics stock opened at $169.15 on Friday. The company’s fifty day moving average price is $148.57 and its 200 day moving average price is $117.41. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The stock has a market capitalization of $35.41 billion and a P/E ratio of 58.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12.
Qnity Electronics (NYSE:Q – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.31 billion for the quarter. The firm’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. As a group, equities research analysts anticipate that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.
Qnity Electronics Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 29th. Qnity Electronics’s dividend payout ratio is 11.00%.
Qnity Electronics Company Profile
Qnity Electronics is a company focused on electronic components and related technologies for a range of industrial and commercial applications. The company appears to operate in the electronics sector, though detailed public information about its specific product lines, customer base, and operations is limited.
Because reliable company details are not readily available, it is not possible to provide a fuller description of Qnity Electronics’ business activities, geography, or leadership without risking inaccuracy.
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