Frank Rimerman Advisors LLC Makes New Investment in Qnity Electronics, Inc. $Q

Frank Rimerman Advisors LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 3,515 shares of the premier technology solutions leader’s stock, valued at approximately $406,000.

A number of other large investors also recently made changes to their positions in Q. Vanguard Group Inc. acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $2,226,626,000. State Street Corp acquired a new position in Qnity Electronics in the fourth quarter valued at $728,894,000. Geode Capital Management LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $435,786,000. Invesco Ltd. acquired a new position in Qnity Electronics in the fourth quarter valued at $385,057,000. Finally, Franklin Resources Inc. purchased a new position in Qnity Electronics during the fourth quarter worth about $287,519,000.

Qnity Electronics Price Performance

Qnity Electronics stock opened at $143.99 on Friday. The firm has a fifty day moving average of $153.56 and a 200-day moving average of $124.99. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $30.14 billion and a P/E ratio of 49.48.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. The company’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. As a group, analysts predict that Qnity Electronics, Inc. will post 4.15 EPS for the current year.

Qnity Electronics Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. Royal Bank Of Canada upped their price objective 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. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. BMO Capital Markets raised their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. One 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 MarketBeat, Qnity Electronics currently has an average rating of “Buy” and an average price target of $153.00.

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.