Elevation Point Wealth Partners LLC Purchases 3,956 Shares of Qnity Electronics, Inc. $Q

Elevation Point Wealth Partners LLC raised its position in Qnity Electronics, Inc. (NYSE:Q) by 112.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,473 shares of the premier technology solutions leader’s stock after purchasing an additional 3,956 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Qnity Electronics were worth $862,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio grew its position in Qnity Electronics by 7.5% during the 1st quarter. Strs Ohio now owns 287,406 shares of the premier technology solutions leader’s stock worth $33,161,000 after acquiring an additional 20,093 shares during the last quarter. Keybank National Association OH grew its holdings in shares of Qnity Electronics by 1.4% during the first quarter. Keybank National Association OH now owns 81,818 shares of the premier technology solutions leader’s stock worth $9,440,000 after purchasing an additional 1,160 shares during the last quarter. Capital Asset Advisory Services LLC grew its holdings in shares of Qnity Electronics by 3.8% during the first quarter. Capital Asset Advisory Services LLC now owns 5,755 shares of the premier technology solutions leader’s stock worth $664,000 after purchasing an additional 213 shares during the last quarter. Essex Financial Services Inc. increased its stake in shares of Qnity Electronics by 6.0% in the first quarter. Essex Financial Services Inc. now owns 4,802 shares of the premier technology solutions leader’s stock valued at $554,000 after buying an additional 273 shares in the last quarter. Finally, Cane Capital Partners LLC acquired a new stake in shares of Qnity Electronics in the first quarter valued at $372,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on Q shares. Mizuho upped their price target 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 boosted their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada increased their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $153.00.

Qnity Electronics Stock Performance

Qnity Electronics stock opened at $146.59 on Tuesday. 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 $177.28. The company has a market cap of $30.69 billion and a PE ratio of 50.37. The company’s 50-day moving average is $153.50 and its two-hundred day moving average is $123.51.

Qnity Electronics (NYSE:Q) last issued its 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 business had revenue of $1.31 billion during the quarter. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Equities analysts anticipate that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Dividend Announcement

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