Qnity Electronics, Inc. (NYSE:Q) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Qnity Electronics, Inc. (NYSE:Q) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $103.6667.

A number of research firms recently issued reports on Q. Oppenheimer began coverage on Qnity Electronics in a report on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 target price for the company. Wall Street Zen raised Qnity Electronics to a “hold” rating in a report on Friday, November 28th. New Street Research set a $110.00 price target on shares of Qnity Electronics in a research note on Monday, November 3rd. Zacks Research upgraded Qnity Electronics to a “hold” rating in a research note on Thursday, November 6th. Finally, Mizuho decreased their price objective on Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, November 20th.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $97.28 on Friday. The firm has a market cap of $20.38 billion and a P/E ratio of 96.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.78 and a quick ratio of 1.07. The business’s 50 day moving average price is $83.78. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $105.40.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion.

Qnity Electronics Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.06 dividend. This represents a dividend yield of 31.0%. The ex-dividend date was Friday, November 28th. Qnity Electronics’s dividend payout ratio (DPR) is 23.76%.

Insider Activity

In other Qnity Electronics news, CEO Jon D. Kemp sold 5,655 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $85.01, for a total transaction of $480,731.55. Following the completion of the transaction, the chief executive officer owned 89,177 shares of the company’s stock, valued at approximately $7,580,936.77. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anne P. Noonan acquired 3,240 shares of Qnity Electronics stock in a transaction dated Friday, November 21st. The stock was bought at an average price of $77.30 per share, for a total transaction of $250,452.00. Following the completion of the transaction, the director directly owned 3,240 shares of the company’s stock, valued at approximately $250,452. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 10,050 shares of company stock worth $827,659 in the last 90 days. Corporate insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Appleton Partners Inc. MA acquired a new stake in shares of Qnity Electronics during the 4th quarter worth $309,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Qnity Electronics in the fourth quarter worth $52,000. Quantum Financial Advisors LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter worth $854,000. GAMMA Investing LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $461,000. Finally, True Wealth Design LLC purchased a new stake in Qnity Electronics during the 4th quarter worth $49,000.

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.