Brant Point Investment Management LLC Purchases New Stake in Qnity Electronics, Inc. $Q

Brant Point Investment Management LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,907 shares of the premier technology solutions leader’s stock, valued at approximately $891,000.

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

Qnity Electronics Stock Performance

Qnity Electronics stock opened at $150.42 on Friday. The business has a 50 day moving average of $144.40 and a 200-day moving average of $114.50. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. 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 market capitalization of $31.49 billion and a P/E ratio of 51.69.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data 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 firm had revenue of $1.32 billion during the quarter. Qnity Electronics’s quarterly 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. On average, equities research analysts predict that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Mizuho boosted their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. KeyCorp boosted their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada boosted their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Qnity Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

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.