Royal Bank Of Canada Issues Positive Forecast for Qnity Electronics (NYSE:Q) Stock Price

Qnity Electronics (NYSE:Q) had its target price lifted by Royal Bank Of Canada from $118.00 to $133.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. The firm currently has an outperform rating on the premier technology solutions leader’s stock.

A number of other analysts also recently weighed in on Q. Mizuho set a $120.00 target price on Qnity Electronics in a research report on Monday. Weiss Ratings initiated coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a report on Friday, February 20th. Zacks Research upgraded shares of Qnity Electronics to a “hold” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of Qnity Electronics to a “hold” rating in a research report on Friday, November 28th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.50.

Qnity Electronics Trading Up 2.5%

Shares of Q stock opened at $119.74 on Wednesday. The company has a market capitalization of $25.08 billion and a PE ratio of 118.55. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $120.25. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $96.62.

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Qnity Electronics’s dividend payout ratio is 23.76%.

Insider Buying and Selling

In related news, VP Michael G. Goss sold 1,895 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $84.79, for a total value of $160,677.05. Following the completion of the transaction, the vice president owned 13,305 shares of the company’s stock, valued at $1,128,130.95. This represents a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon D. Kemp sold 5,655 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $85.01, for a total transaction of $480,731.55. Following the completion of the sale, the chief executive officer owned 89,177 shares in the company, valued at $7,580,936.77. This represents a 5.96% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of Q. GAMMA Investing LLC acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at $461,000. Neville Rodie & Shaw Inc. bought a new position in Qnity Electronics in the fourth quarter valued at about $526,000. Investors Research Corp acquired a new stake in shares of Qnity Electronics during the fourth quarter valued at about $102,000. Board of the Pension Protection Fund bought a new stake in shares of Qnity Electronics during the fourth quarter worth about $73,000. Finally, Canal Capital Management LLC bought a new stake in shares of Qnity Electronics during the fourth quarter worth about $331,000.

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.