Qnity Electronics (NYSE:Q) Upgraded at Barclays
by Renee Jackson · The Cerbat GemBarclays upgraded shares of Qnity Electronics (NYSE:Q – Free Report) to a strong-buy rating in a report published on Monday,Zacks reports.
Q has been the subject of several other reports. Weiss Ratings raised shares of Qnity Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Mizuho lowered their price target on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Qnity Electronics in a report on Wednesday, August 5th. Royal Bank Of Canada dropped their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Finally, Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.00.
Check Out Our Latest Analysis on Q
Qnity Electronics Stock Performance
Shares of Q opened at $121.39 on Monday. The business has a 50-day simple moving average of $126.51 and a two-hundred day simple moving average of $137.61. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53. Qnity Electronics has a 52 week low of $70.50 and a 52 week high of $177.28. The stock has a market cap of $25.40 billion and a price-to-earnings ratio of 43.35.
Qnity Electronics (NYSE:Q – Get Free Report) 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 return on equity of 10.83% and a net margin of 11.25%. 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. On average, analysts expect that Qnity Electronics will post 4.52 EPS for the current year.
Qnity Electronics Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Qnity Electronics’s dividend payout ratio is 11.43%.
Insider Activity
In other Qnity Electronics news, Director Bondt De bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the transaction, the director owned 6,647 shares of the company’s stock, valued at $918,216.58. This trade represents a 17.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.15% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ZWJ Investment Counsel Inc. grew its stake in Qnity Electronics by 42.4% during the third quarter. ZWJ Investment Counsel Inc. now owns 3,677 shares of the premier technology solutions leader’s stock valued at $462,000 after acquiring an additional 1,095 shares in the last quarter. Mather Group LLC. lifted its stake in Qnity Electronics by 22.1% in the 3rd quarter. Mather Group LLC. now owns 6,882 shares of the premier technology solutions leader’s stock worth $865,000 after purchasing an additional 1,245 shares in the last quarter. Fortune 45 LLC purchased a new stake in Qnity Electronics in the 3rd quarter worth $941,000. Tempus Wealth Planning LLC lifted its stake in Qnity Electronics by 14.2% in the 3rd quarter. Tempus Wealth Planning LLC now owns 2,642 shares of the premier technology solutions leader’s stock worth $332,000 after purchasing an additional 328 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Qnity Electronics by 4.2% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,865 shares of the premier technology solutions leader’s stock valued at $360,000 after purchasing an additional 116 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.
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