Truist Financial Corp Invests $3.38 Million in Qnity Electronics, Inc. $Q

Truist Financial Corp bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 41,334 shares of the premier technology solutions leader’s stock, valued at approximately $3,375,000.

Other large investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Qnity Electronics during the fourth quarter valued at $25,000. Dunhill Financial LLC acquired a new position in shares of Qnity Electronics in the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Qnity Electronics during the 4th quarter worth about $26,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Qnity Electronics during the 4th quarter worth about $27,000. Finally, Stephens Consulting LLC acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at about $30,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Mizuho set a $120.00 price target on Qnity Electronics in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $170.00 price objective on shares of Qnity Electronics in a research report on Thursday. KeyCorp upped 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 lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.57.

Qnity Electronics Trading Up 4.6%

NYSE:Q opened at $154.04 on Tuesday. The business’s 50 day moving average price is $125.60. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $156.53. The stock has a market cap of $32.28 billion and a price-to-earnings ratio of 84.18. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last released its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter. The firm had revenue of $1.32 billion during the quarter. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, research analysts forecast that Qnity Electronics, Inc. will post 3.78 earnings per share for the current year.

Qnity Electronics Announces Dividend

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 $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.

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.