Qnity Electronics (NYSE:Q) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Qnity Electronics (NYSE:Q) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks reports.

Q has been the subject of several other reports. Weiss Ratings downgraded Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 28th. Royal Bank Of Canada reduced their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. BMO Capital Markets upped their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Qnity Electronics in a research note on Wednesday, August 5th. Finally, Mizuho dropped their target price on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.56.

Qnity Electronics Price Performance

Shares of Q opened at $133.62 on Monday. The stock has a market cap of $27.95 billion and a PE ratio of 47.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.01 and a quick ratio of 1.50. Qnity Electronics has a 1-year low of $70.50 and a 1-year high of $177.28. The firm has a fifty day moving average price of $127.43 and a 200 day moving average price of $137.16.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.12. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. The firm had revenue of $1.43 billion for the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts anticipate that Qnity Electronics will post 4.52 EPS for the current year.

Insider Buying and Selling at Qnity Electronics

In other news, Director Bondt De bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $138.14 per share, with a total value of $138,140.00. Following the transaction, the director directly owned 6,647 shares in the company, valued at approximately $918,216.58. This trade represents a 17.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Qnity Electronics by 741.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after purchasing an additional 3,855,617 shares during the period. Franklin Resources Inc. acquired a new position in Qnity Electronics during the 4th quarter worth about $287,519,000. Bank of America Corp DE raised its position in Qnity Electronics by 3.8% in the 1st quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader’s stock worth $233,447,000 after purchasing an additional 73,662 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Qnity Electronics by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,661,636 shares of the premier technology solutions leader’s stock worth $191,569,000 after acquiring an additional 48,629 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Qnity Electronics by 2.9% during the 1st 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 purchasing an additional 37,842 shares during the last quarter.

Qnity Electronics Company Profile

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.