Morningstar Investment Management LLC Takes $942,000 Position in Qnity Electronics, Inc. $Q

Morningstar Investment Management LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 11,533 shares of the premier technology solutions leader’s stock, valued at approximately $942,000.

A number of other institutional investors also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Qnity Electronics during the fourth quarter worth about $25,000. Dunhill Financial LLC bought a new stake in Qnity Electronics during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics during the fourth quarter worth about $26,000. Motco bought a new stake in Qnity Electronics during the fourth quarter worth about $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics during the fourth quarter worth about $27,000.

Analyst Upgrades and Downgrades

Q has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Royal Bank Of Canada upped their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Mizuho upped their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $156.88 on Tuesday. The business’s 50 day moving average price is $133.61 and its two-hundred day moving average price is $108.29. The company has a market cap of $32.84 billion and a PE ratio of 53.91. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. The business’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. On average, analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is 11.00%.

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.