Birmingham Capital Management Co. Inc. AL Invests $1 Million in Qnity Electronics, Inc. $Q

Birmingham Capital Management Co. Inc. AL acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,146 shares of the premier technology solutions leader’s stock, valued at approximately $1,004,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in Qnity Electronics during the fourth quarter worth about $2,226,626,000. State Street Corp purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $728,894,000. Geode Capital Management LLC acquired a new position in shares of Qnity Electronics in the 4th quarter worth approximately $435,786,000. Invesco Ltd. acquired a new position in shares of Qnity Electronics in the 4th quarter worth approximately $385,057,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Qnity Electronics by 741.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock worth $518,787,000 after acquiring an additional 3,855,617 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on Q. Weiss Ratings downgraded shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada lowered their price target on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Mizuho boosted their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. One 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 stock. According to MarketBeat, Qnity Electronics presently has an average rating of “Buy” and an average price target of $151.78.

Insider Transactions at Qnity Electronics

In related news, Director Bondt Karin De purchased 1,000 shares of Qnity Electronics stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $138.14 per share, with a total value of $138,140.00. Following the transaction, the director directly owned 6,647 shares of the company’s stock, valued at approximately $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

Qnity Electronics Stock Performance

NYSE:Q opened at $126.18 on Thursday. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $177.28. The company has a fifty day simple moving average of $141.69 and a two-hundred day simple moving average of $135.28. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53. The company has a market cap of $26.40 billion and a price-to-earnings ratio of 45.06.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.12. The business had revenue of $1.43 billion for the quarter. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%.Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts anticipate that Qnity Electronics, Inc. will post 4.52 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.3%. Qnity Electronics’s dividend payout ratio is 11.43%.

About Qnity Electronics

Qnity Electronics, Inc (NYSE:Q) develops materials, components and process solutions used in semiconductor manufacturing and advanced electronics. Its products support critical stages of chip fabrication, packaging and interconnection, where material performance and process reliability are essential to producing increasingly complex electronic devices.

The company’s offerings include semiconductor materials such as chemical-mechanical planarization pads and slurries, photoresists, dielectric materials, cleaners and other process chemicals.