Natixis Advisors LLC acquired a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 98,254 shares of the premier technology solutions leader’s stock, valued at approximately $8,022,000.
Several other institutional investors have also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics in the 4th quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in shares of Qnity Electronics in the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics in the 4th quarter worth approximately $26,000. Motco bought a new position in shares of Qnity Electronics in the 4th quarter worth approximately $27,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics in the 4th quarter worth approximately $27,000.
Qnity Electronics Trading Up 0.2%
Shares of Q opened at $142.31 on Monday. 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 1 year low of $70.50 and a 1 year high of $171.52. The company has a 50 day simple moving average of $141.14 and a two-hundred day simple moving average of $112.35. The firm has a market cap of $29.79 billion and a P/E ratio of 48.91.
Qnity Electronics Dividend Announcement
The business 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 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 11.00%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on Q shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a 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 data from MarketBeat.com, Qnity Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $151.33.
View Our Latest Stock Report on Qnity Electronics
Qnity Electronics Profile
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
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