Hsbc Holdings PLC Acquires New Stake in Qnity Electronics, Inc. $Q

Hsbc Holdings PLC bought a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 426,194 shares of the premier technology solutions leader’s stock, valued at approximately $34,889,000.

A number of other institutional investors also recently bought and sold shares of Q. Vanguard Group Inc. bought a new stake in shares of Qnity Electronics during the 4th quarter valued at about $2,226,626,000. State Street Corp purchased a new stake in shares of Qnity Electronics during the 4th quarter valued at about $728,894,000. Geode Capital Management LLC bought a new position in shares of Qnity Electronics in the 4th quarter worth approximately $435,786,000. Invesco Ltd. bought a new position in shares of Qnity Electronics in the 4th quarter worth approximately $385,057,000. Finally, Franklin Resources Inc. purchased a new position in shares of Qnity Electronics in the fourth quarter worth approximately $287,519,000.

Wall Street Analyst Weigh In

Q has been the subject of several recent research reports. 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. BMO Capital Markets increased their price target on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research note on Wednesday, May 13th. One equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $153.00.

Qnity Electronics Stock Up 3.4%

Q stock opened at $146.59 on Tuesday. The business’s 50-day moving average price is $153.50 and its 200-day moving average price is $123.51. The stock has a market cap of $30.69 billion and a P/E ratio of 50.37. 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 twelve month low of $70.50 and a twelve month high of $177.28.

Qnity Electronics (NYSE:Q) last released its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The company’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. On average, equities research analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

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

Qnity Electronics Profile

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