Mirae Asset Global Investments Co. Ltd. Purchases New Shares in Qnity Electronics, Inc. $Q

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,124 shares of the premier technology solutions leader’s stock, valued at approximately $2,868,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of Q. Moisand Fitzgerald Tamayo LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $25,000. Armstrong Advisory Group Inc. purchased a new stake in Qnity Electronics in the fourth quarter worth $26,000. Provenance Wealth Advisors LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $27,000. Stephens Consulting LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $30,000. Finally, Sound Income Strategies LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $32,000.

Qnity Electronics Trading Up 3.2%

Q opened at $139.21 on Thursday. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $140.60. 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’s fifty day moving average price is $118.96. The company has a market cap of $29.18 billion and a P/E ratio of 76.07.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results 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 the consensus estimate of $1.15 billion. Qnity Electronics’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. On average, equities research analysts predict that Qnity Electronics, Inc. will post 3.78 EPS for the current year.

Qnity Electronics Dividend Announcement

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

Analyst Ratings Changes

Q has been the topic of a number of recent analyst reports. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. 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. Mizuho set a $120.00 target price on Qnity Electronics in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a research note on Friday, February 20th. Finally, Royal Bank Of Canada increased their target price on Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. One equities research 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.