Counterpoint Mutual Funds LLC Cuts Position in Qnity Electronics, Inc. $Q

Counterpoint Mutual Funds LLC decreased its holdings in Qnity Electronics, Inc. (NYSE:Q) by 93.5% in the 1st quarter, HoldingsChannel reports. The fund owned 2,530 shares of the premier technology solutions leader’s stock after selling 36,380 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Qnity Electronics were worth $292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics during the 4th quarter worth $25,000. Dunhill Financial LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at about $25,000. Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics in the 4th quarter valued at about $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at about $27,000. Finally, Motco acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at about $27,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Mizuho lifted their price target on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets reissued an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $152.44.

Qnity Electronics Trading Up 0.1%

NYSE:Q opened at $141.82 on Monday. The company has a market capitalization of $29.69 billion and a PE ratio of 48.74. 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, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28. The stock has a fifty day simple moving average of $153.37 and a 200-day simple moving average of $123.03.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion during the quarter. The business’s revenue for the quarter 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 research analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s payout ratio is presently 11.00%.

About Qnity Electronics

I couldn’t find enough reliable information about Qnity Electronics (NYSE:Q) to write an accurate company description. To avoid providing potentially incorrect details, I’m unable to summarize its business activities, products, or services with confidence.