Xcel Wealth Management LLC Makes New Investment in Qnity Electronics, Inc. $Q

Xcel Wealth Management LLC acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,171 shares of the premier technology solutions leader’s stock, valued at approximately $586,000.

A number of other hedge funds have also recently made changes to their positions in the business. Cohen Klingenstein LLC bought a new position in Qnity Electronics in the 4th quarter valued at about $587,000. Quantum Financial Advisors LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $854,000. Delta Capital Management LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $1,141,000. Modera Wealth Management LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter worth approximately $938,000. Finally, Yousif Capital Management LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter worth approximately $2,385,000.

Qnity Electronics Price Performance

Q opened at $131.26 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54. The stock has a market cap of $27.51 billion and a P/E ratio of 71.73. The business’s fifty day moving average price is $116.54. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $140.60.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is currently 17.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada increased their price target on Qnity Electronics from $118.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. KeyCorp raised their price objective on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings started coverage on shares of Qnity Electronics in a report on Thursday, January 22nd. They set a “hold (c-)” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $126.00 price objective on shares of Qnity Electronics in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $120.86.

Qnity Electronics Company Profile

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