Lecap Asset Management Ltd. Takes $328,000 Position in Qnity Electronics, Inc. $Q

Lecap Asset Management Ltd. bought a new position in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, Holdings Channel reports. The fund bought 4,015 shares of the premier technology solutions leader’s stock, valued at approximately $328,000.

Several other institutional investors also recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC purchased a new position in Qnity Electronics during the 4th quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $27,000. Stephens Consulting LLC purchased a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $32,000.

Qnity Electronics Stock Performance

Shares of NYSE Q opened at $137.89 on Tuesday. The business has a 50 day moving average price of $117.96. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $140.60. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $28.90 billion and a P/E ratio of 75.35.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.18. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Qnity Electronics’s quarterly revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. On average, analysts forecast that Qnity Electronics, Inc. will post 3.78 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 17.49%.

Wall Street Analyst Weigh In

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

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.