Pictet Asset Management Holding SA Acquires Shares of 99,122 Qnity Electronics, Inc. $Q

Pictet Asset Management Holding SA acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 99,122 shares of the premier technology solutions leader’s stock, valued at approximately $8,093,000.

Other institutional investors have also recently bought and sold shares of the company. Cohen Klingenstein LLC purchased a new stake in Qnity Electronics during the 4th quarter valued at $587,000. KBC Group NV purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $12,189,000. Delta Capital Management LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $1,141,000. Quantum Financial Advisors LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $854,000. Finally, Yousif Capital Management LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $2,385,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on Q shares. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Mizuho set a $120.00 target price on shares of Qnity Electronics in a research report on Monday, February 23rd. Royal Bank Of Canada raised their target price on shares of Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a research report on Friday, February 20th. Finally, Weiss Ratings started coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Qnity Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

Qnity Electronics Trading Up 2.0%

NYSE:Q opened at $143.41 on Friday. The stock has a 50-day moving average of $122.50. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $146.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95. The stock has a market cap of $30.06 billion and a PE ratio of 78.37.

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

Qnity Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given 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 dividend payout ratio (DPR) is 17.49%.

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.