BI Asset Management Fondsmaeglerselskab A S Buys New Position in Qnity Electronics, Inc. $Q

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,647 shares of the premier technology solutions leader’s stock, valued at approximately $788,000.

Several other hedge funds also recently modified their holdings of the stock. 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 position in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $26,000. Motco purchased a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $27,000. Finally, Provenance Wealth Advisors LLC purchased a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $27,000.

Qnity Electronics Stock Down 3.5%

Q stock opened at $139.65 on Thursday. The stock’s fifty day simple moving average is $143.08 and its two-hundred day simple moving average is $113.72. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The stock has a market cap of $29.23 billion and a P/E ratio of 47.99.

Qnity Electronics (NYSE:Q) 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 the consensus estimate of $0.92 by $0.16. The business had revenue of $1.32 billion during the quarter. The business’s revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is currently 11.00%.

Analyst Ratings Changes

Q has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. KeyCorp lifted their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Royal Bank Of Canada lifted their target price on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Qnity Electronics currently has an average rating of “Moderate Buy” and an average price target of $151.33.

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.