Parallel Advisors LLC Purchases New Stake in Qnity Electronics, Inc. $Q

Parallel Advisors LLC purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,927 shares of the premier technology solutions leader’s stock, valued at approximately $811,000.

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

Qnity Electronics Trading Up 1.6%

Q stock opened at $144.26 on Tuesday. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The company has a market capitalization of $30.20 billion and a price-to-earnings ratio of 49.57. The business has a 50 day simple moving average of $141.77 and a two-hundred day simple moving average of $112.81.

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 for the quarter, topping the consensus estimate of $0.92 by $0.16. The business had revenue of $1.32 billion during the quarter. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Research analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS 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 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 yield of 0.2%. Qnity Electronics’s dividend payout ratio is presently 11.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

Qnity Electronics Profile