9,523 Shares in Qnity Electronics, Inc. $Q Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,523 shares of the premier technology solutions leader’s stock, valued at approximately $778,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in Q. Moisand Fitzgerald Tamayo LLC bought a new stake in Qnity Electronics during the fourth quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in Qnity Electronics during the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics during the fourth quarter worth approximately $26,000. Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics during the fourth quarter worth approximately $27,000. Finally, Motco bought a new stake in Qnity Electronics during the fourth quarter worth approximately $27,000.

Wall Street Analyst Weigh In

Q has been the topic of several recent analyst reports. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Mizuho boosted their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price target on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.33.

Qnity Electronics Price Performance

NYSE Q opened at $155.37 on Thursday. The stock has a market capitalization of $32.52 billion and a P/E ratio of 53.39. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The business’s fifty day moving average is $139.97 and its two-hundred day moving average is $111.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. The company’s revenue was up 17.6% on a year-over-year basis. 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 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently declared 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 of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Qnity Electronics Profile