Qnity Electronics, Inc. $Q Shares Newly Acquired by Fortune 45 LLC

Fortune 45 LLC purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,480 shares of the premier technology solutions leader’s stock, valued at approximately $941,000. Qnity Electronics accounts for about 0.4% of Fortune 45 LLC’s portfolio, making the stock its 22nd biggest holding.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Qnity Electronics by 741.3% during the first 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 purchasing an additional 3,855,617 shares during the period. Bank of America Corp DE boosted its position in Qnity Electronics by 3.8% in the first quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader’s stock valued at $233,447,000 after buying an additional 73,662 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Qnity Electronics by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,661,636 shares of the premier technology solutions leader’s stock worth $191,569,000 after buying an additional 48,629 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Qnity Electronics by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 1,334,852 shares of the premier technology solutions leader’s stock worth $154,015,000 after acquiring an additional 37,842 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Qnity Electronics by 182.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,168,746 shares of the premier technology solutions leader’s stock worth $134,850,000 after purchasing an additional 754,810 shares during the period.

Insider Buying and Selling

In related news, Director Bondt De acquired 1,000 shares of the 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 completion of the purchase, the director owned 6,647 shares of the company’s stock, valued at approximately $918,216.58. This represents a 17.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on Q. Truist Financial started coverage on Qnity Electronics in a research note on Wednesday. They issued a “buy” rating and a $170.00 target price on the stock. Mizuho lowered their price objective on Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. BMO Capital Markets upped their price objective on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of Qnity Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Royal Bank Of Canada reduced their price target on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Qnity Electronics Price Performance

NYSE:Q opened at $121.39 on Thursday. The stock has a 50 day moving average of $126.51 and a two-hundred day moving average of $137.61. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $177.28. The firm has a market cap of $25.40 billion and a P/E ratio of 29.98. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53.

Qnity Electronics (NYSE:Q) last released its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share 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. On average, analysts expect that Qnity Electronics, Inc. will post 4.52 earnings per share for the current fiscal year.

About Qnity Electronics

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity’s product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.