Franklin Resources Inc. Purchases New Shares in Qnity Electronics, Inc. $Q

Franklin Resources Inc. purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,521,358 shares of the premier technology solutions leader’s stock, valued at approximately $287,519,000.

Other hedge funds also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in Qnity Electronics during the fourth quarter valued at $769,000. Cohen Klingenstein LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at $587,000. KBC Group NV purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at $12,189,000. Wesbanco Bank Inc. purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at $1,566,000. Finally, Delta Capital Management LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at $1,141,000.

Analysts Set New Price Targets

Q has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. KeyCorp increased their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Trading Up 0.2%

Q stock opened at $144.75 on Wednesday. The company has a market capitalization of $30.30 billion and a PE ratio of 49.74. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The firm’s 50-day moving average is $142.43 and its 200 day moving average is $113.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. The company’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, research analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

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.