Red Mountain Financial LLC Buys Shares of 6,377 Qnity Electronics, Inc. $Q

Red Mountain Financial LLC bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,377 shares of the premier technology solutions leader’s stock, valued at approximately $521,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Freestone Capital Holdings LLC purchased a new position in Qnity Electronics during the 4th quarter valued at about $257,000. Patton Fund Management Inc. purchased a new position in Qnity Electronics during the 4th quarter valued at about $214,000. Assetmark Inc. purchased a new position in Qnity Electronics during the 4th quarter valued at about $41,000. Transcend Capital Advisors LLC purchased a new position in Qnity Electronics during the 4th quarter valued at about $260,000. Finally, State of Alaska Department of Revenue purchased a new position in Qnity Electronics during the 4th quarter valued at about $1,694,000.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $132.74 on Wednesday. The stock has a market capitalization of $27.82 billion and a P/E ratio of 72.54. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $140.60. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $115.05.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. The company’s revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Wall Street Analyst Weigh In

Q has been the subject of a number of recent research reports. KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Weiss Ratings initiated coverage on shares of Qnity Electronics in a report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Mizuho set a $120.00 price target on shares of Qnity Electronics in a report on Monday, February 23rd. Royal Bank Of Canada lifted their price target on shares of Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Oppenheimer initiated coverage on shares of Qnity Electronics in a report on Tuesday, December 16th. They set an “outperform” rating and a $100.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Qnity Electronics presently has an average rating of “Buy” and a consensus price target of $120.86.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.