Swedbank AB Acquires Shares of 48,254 Qnity Electronics, Inc. $Q

Swedbank AB acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 48,254 shares of the premier technology solutions leader’s stock, valued at approximately $3,940,000.

Several other hedge funds also recently bought and sold shares of Q. GAMMA Investing LLC bought a new position in Qnity Electronics in the 4th quarter valued at $461,000. Neville Rodie & Shaw Inc. bought a new position in shares of Qnity Electronics during the 4th quarter worth $526,000. Investors Research Corp bought a new position in shares of Qnity Electronics during the 4th quarter worth $102,000. Board of the Pension Protection Fund bought a new position in shares of Qnity Electronics during the 4th quarter worth $73,000. Finally, Canal Capital Management LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth $331,000.

Qnity Electronics Price Performance

Q opened at $147.24 on Friday. The company has a 50-day moving average of $124.47. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $151.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The stock has a market capitalization of $30.86 billion and a price-to-earnings ratio of 80.46.

Qnity Electronics (NYSE:Q) last posted its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion during 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. As a group, sell-side analysts expect that Qnity Electronics, Inc. will post 3.78 EPS for the current year.

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is 17.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on Q shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $170.00 price target on shares of Qnity Electronics in a research report on Thursday. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their price target on Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. KeyCorp increased their price target on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Weiss Ratings started coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating on the stock. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Qnity Electronics presently has an average rating of “Moderate Buy” and an average target price of $129.57.

Qnity Electronics Profile

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