Sei Investments Co. Has $46.84 Million Position in Qnity Electronics, Inc. $Q

Sei Investments Co. grew its holdings in Qnity Electronics, Inc. (NYSE:Q) by 187.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,958 shares of the premier technology solutions leader’s stock after purchasing an additional 264,824 shares during the period. Sei Investments Co.’s holdings in Qnity Electronics were worth $46,844,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Lido Advisors LLC grew its position in Qnity Electronics by 368.6% during the first quarter. Lido Advisors LLC now owns 12,539 shares of the premier technology solutions leader’s stock valued at $1,447,000 after purchasing an additional 9,863 shares in the last quarter. Walleye Capital LLC boosted its position in Qnity Electronics by 213.5% during the first quarter. Walleye Capital LLC now owns 216,147 shares of the premier technology solutions leader’s stock valued at $24,939,000 after purchasing an additional 147,205 shares during the last quarter. State of Wyoming acquired a new position in Qnity Electronics in the 1st quarter worth about $637,000. Cetera Investment Advisers grew its stake in shares of Qnity Electronics by 25.2% in the 1st quarter. Cetera Investment Advisers now owns 59,846 shares of the premier technology solutions leader’s stock valued at $6,905,000 after buying an additional 12,041 shares in the last quarter. Finally, Lavaca Capital LLC raised its position in Qnity Electronics by 18.8% during the first quarter. Lavaca Capital LLC now owns 7,597 shares of the premier technology solutions leader’s stock valued at $877,000 after acquiring an additional 1,204 shares in the last quarter.

Qnity Electronics Trading Down 2.7%

Qnity Electronics stock opened at $134.97 on Friday. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $177.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The firm has a market capitalization of $28.25 billion and a PE ratio of 46.38. The business’s 50-day simple moving average is $150.51 and its 200-day simple moving average is $128.83.

Qnity Electronics (NYSE:Q) last announced its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. The firm’s quarterly 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. Equities research analysts forecast that Qnity Electronics, Inc. will post 4.16 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, August 31st. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on Q. Royal Bank Of Canada cut their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. BMO Capital Markets boosted their price objective on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective 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 given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Qnity Electronics has a consensus rating of “Buy” and a consensus target price 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.