Qnity Electronics (NYSE:Q) Price Target Cut to $189.00 by Analysts at Royal Bank Of Canada

Qnity Electronics (NYSE:Q) had its target price decreased by Royal Bank Of Canada from $200.00 to $189.00 in a report released on Tuesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the premier technology solutions leader’s stock.

Several other research firms have also commented on Q. Mizuho boosted their price objective on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets raised their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. 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. Finally, Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $151.78.

Qnity Electronics Stock Performance

Q opened at $141.39 on Tuesday. Qnity Electronics has a 1-year low of $70.50 and a 1-year high of $177.28. The stock has a market cap of $29.60 billion and a P/E ratio of 48.59. The stock’s 50 day simple moving average is $153.46 and its 200 day simple moving average is $126.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

Qnity Electronics (NYSE:Q) last issued 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 $1.31 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 analysts anticipate that Qnity Electronics will post 4.15 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.

Institutional Trading of Qnity Electronics

Institutional investors and hedge funds have recently bought and sold shares of the business. Regent Peak Wealth Advisors LLC acquired a new stake in shares of Qnity Electronics in the second quarter worth $219,000. Bank & Trust Co purchased a new stake in Qnity Electronics during the 2nd quarter worth approximately $43,000. Butensky & Cohen Financial Security Inc. raised its holdings in Qnity Electronics by 0.3% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 34,132 shares of the premier technology solutions leader’s stock valued at $5,574,000 after acquiring an additional 105 shares in the last quarter. Tema ETFs LLC lifted its position in shares of Qnity Electronics by 9.2% during the second quarter. Tema ETFs LLC now owns 5,160 shares of the premier technology solutions leader’s stock worth $843,000 after purchasing an additional 435 shares during the last quarter. Finally, Kentucky Trust Co grew its position in shares of Qnity Electronics by 7.2% in the 2nd quarter. Kentucky Trust Co now owns 2,452 shares of the premier technology solutions leader’s stock worth $400,000 after acquiring an additional 164 shares in the last quarter.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.