Qnity Electronics, Inc. $Q Stock Position Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in Qnity Electronics, Inc. (NYSE:Q) by 741.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,375,735 shares of the premier technology solutions leader’s stock after buying an additional 3,855,617 shares during the quarter. Qnity Electronics comprises about 0.9% of Allspring Global Investments Holdings LLC’s holdings, making the stock its 12th biggest position. Allspring Global Investments Holdings LLC’s holdings in Qnity Electronics were worth $518,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of Q. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $25,000. Dunhill Financial LLC acquired a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $26,000. Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics during the fourth quarter worth approximately $27,000. Finally, Motco acquired a new stake in Qnity Electronics in the fourth quarter worth approximately $27,000.

Qnity Electronics Trading Down 3.3%

NYSE:Q opened at $135.55 on Friday. 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 fifty-two week low of $70.50 and a fifty-two week high of $177.28. The stock’s 50-day moving average is $153.11 and its two-hundred day moving average is $126.87. The stock has a market cap of $28.38 billion and a PE ratio of 46.58.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.31 billion for the quarter. The company’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. As a group, equities research analysts forecast that Qnity Electronics, Inc. will post 4.16 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 Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio is presently 11.00%.

Analyst Ratings Changes

Q has been the topic of a number of research reports. Mizuho boosted their price objective on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. BMO Capital Markets lifted their target price on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $151.78.

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.