Kera Capital Partners Inc. purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,525 shares of the premier technology solutions leader’s stock, valued at approximately $288,000.
Several other large investors have also added to or reduced their stakes in Q. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $25,000. Dunhill Financial LLC purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. acquired a new position in Qnity Electronics in the 4th quarter worth approximately $26,000. Motco acquired a new position in Qnity Electronics in the 4th quarter worth approximately $27,000. Finally, Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics during the 4th quarter worth approximately $27,000.
Qnity Electronics Price Performance
NYSE:Q opened at $169.15 on Monday. 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 50 day moving average price of $148.57 and a 200-day moving average price of $117.69. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The firm has a market cap of $35.41 billion and a price-to-earnings ratio of 58.13.
Qnity Electronics Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid 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 of this dividend was Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 11.00%.
Wall Street Analyst Weigh In
Several brokerages have commented on Q. 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 increased their price objective on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Qnity Electronics currently has a consensus rating of “Moderate Buy” and an average price target of $151.33.
Check Out Our Latest Stock Report on Q
Qnity Electronics Profile
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
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