Forsta AP Fonden Buys Shares of 41,950 Qnity Electronics, Inc. $Q

Forsta AP Fonden bought a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,950 shares of the premier technology solutions leader’s stock, valued at approximately $3,425,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new position in Qnity Electronics in the fourth quarter valued at about $2,226,626,000. Geode Capital Management LLC purchased a new position in Qnity Electronics in the fourth quarter valued at about $435,786,000. Norges Bank purchased a new position in Qnity Electronics in the fourth quarter valued at about $187,700,000. Massachusetts Financial Services Co. MA purchased a new position in Qnity Electronics in the fourth quarter valued at about $125,587,000. Finally, UBS Group AG purchased a new position in Qnity Electronics in the fourth quarter valued at about $120,414,000.

Qnity Electronics Stock Performance

Qnity Electronics stock opened at $155.86 on Wednesday. The firm’s 50 day simple moving average is $138.20 and its 200 day simple moving average is $110.48. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $32.63 billion and a PE ratio of 53.56. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 dividend payout ratio is 11.00%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on Q shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada boosted their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, KeyCorp boosted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Company Profile

I couldn’t find enough reliable information about Qnity Electronics (NYSE:Q) to write a factual company description.