Norges Bank Purchases New Holdings in Qnity Electronics, Inc. $Q

Norges Bank purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,298,838 shares of the premier technology solutions leader’s stock, valued at approximately $187,700,000. Norges Bank owned 1.10% of Qnity Electronics as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in Q. GAMMA Investing LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $461,000. Neville Rodie & Shaw Inc. acquired a new position in Qnity Electronics in the 4th quarter valued at about $526,000. Investors Research Corp acquired a new position in Qnity Electronics during the 4th quarter worth approximately $102,000. Board of the Pension Protection Fund acquired a new position in Qnity Electronics during the 4th quarter worth approximately $73,000. Finally, Canal Capital Management LLC acquired a new position in Qnity Electronics during the 4th quarter worth approximately $331,000.

Analyst Upgrades and Downgrades

Q has been the topic of several recent analyst reports. KeyCorp boosted their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Mizuho boosted their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Price Performance

Shares of NYSE:Q opened at $155.37 on Thursday. The business’s 50 day simple moving average is $139.97 and its 200-day simple moving average is $111.42. The firm has a market capitalization of $32.52 billion and a price-to-earnings ratio of 53.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate 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, equities analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal 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 paid a dividend of $0.08 per share. 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 payout ratio is 11.00%.

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.