Citizens Financial Group Inc. RI Takes Position in Qnity Electronics, Inc. $Q

Citizens Financial Group Inc. RI bought a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,829 shares of the premier technology solutions leader’s stock, valued at approximately $442,000.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on Q shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada lowered their price objective on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research note on Tuesday. Mizuho upped their price objective on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. BMO Capital Markets increased their target price on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Finally, Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $151.78.

Qnity Electronics Trading Down 1.0%

Shares of Q opened at $140.19 on Thursday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28. The stock has a 50-day moving average price of $153.28 and a 200 day moving average price of $126.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The company has a market capitalization of $29.35 billion and a P/E ratio of 48.18.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.31 billion during the quarter. The business’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. Sell-side analysts forecast that Qnity Electronics, Inc. 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. Stockholders of record on Monday, August 31st will be issued a dividend of $0.08 per share. 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 is 11.00%.

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.