Qnity Electronics, Inc. (NYSE:Q) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Qnity Electronics, Inc. (NYSE:Q) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $105.00.

Several research analysts have recently weighed in on the company. Zacks Research raised Qnity Electronics to a “hold” rating in a research report on Thursday, November 6th. Weiss Ratings assumed coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Oppenheimer initiated coverage on shares of Qnity Electronics in a report on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Qnity Electronics in a research report on Monday, November 24th. They issued a “buy” rating and a $92.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $118.00 target price on shares of Qnity Electronics in a research report on Wednesday, January 21st.

Qnity Electronics Trading Up 4.7%

Q opened at $114.49 on Thursday. The company has a market cap of $23.98 billion and a PE ratio of 113.36. Qnity Electronics has a 12 month low of $70.50 and a 12 month high of $114.88. The company has a fifty day moving average of $90.29. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 0.18.

Qnity Electronics (NYSE:Q) last released its earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Qnity Electronics’s dividend payout ratio (DPR) is presently 31.68%.

Insider Buying and Selling at Qnity Electronics

In related news, CEO Jon D. Kemp sold 5,655 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $85.01, for a total transaction of $480,731.55. Following the completion of the transaction, the chief executive officer directly owned 89,177 shares of the company’s stock, valued at approximately $7,580,936.77. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne P. Noonan acquired 3,240 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were bought at an average price of $77.30 per share, for a total transaction of $250,452.00. Following the purchase, the director owned 3,240 shares in the company, valued at approximately $250,452. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 10,050 shares of company stock valued at $827,659 in the last ninety days. Insiders own 6.40% of the company’s stock.

Institutional Trading of Qnity Electronics

A number of large investors have recently added to or reduced their stakes in Q. ARK Investment Management LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $36,000. Mill Capital Management LLC acquired a new position in Qnity Electronics during the fourth quarter worth approximately $202,000. Primecap Management Co. CA bought a new stake in Qnity Electronics in the fourth quarter valued at approximately $79,443,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Qnity Electronics in the fourth quarter valued at approximately $93,967,000. Finally, Empowered Funds LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $1,922,000.

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.