Qnity Electronics (NYSE:Q) Upgraded at Zacks Research

Zacks Research upgraded shares of Qnity Electronics (NYSE:Q) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

A number of other analysts also recently weighed in on Q. New Street Research set a $110.00 price target on shares of Qnity Electronics in a research report on Monday, November 3rd. Mizuho set a $120.00 target price on shares of Qnity Electronics in a report on Monday, February 23rd. Royal Bank Of Canada lifted their price target on shares of Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $126.00 price objective on shares of Qnity Electronics in a research report on Friday, February 20th. Finally, KeyCorp lifted their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $120.86.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $120.08 on Monday. The company’s fifty day simple moving average is $100.72. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54. The company has a market cap of $25.18 billion and a PE ratio of 118.89. Qnity Electronics has a 52 week low of $70.50 and a 52 week high of $140.60.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The firm’s revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Qnity Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.3%. Qnity Electronics’s dividend payout ratio (DPR) is currently 31.68%.

Insider Buying and Selling

In other news, VP Michael G. Goss sold 1,895 shares of Qnity Electronics stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $84.79, for a total transaction of $160,677.05. Following the transaction, the vice president owned 13,305 shares in the company, valued at approximately $1,128,130.95. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon D. Kemp sold 5,655 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $85.01, for a total value of $480,731.55. Following the completion of the sale, the chief executive officer owned 89,177 shares of the company’s stock, valued at $7,580,936.77. The trade was a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Qnity Electronics

Hedge funds have recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new position in shares of Qnity Electronics during the 4th quarter valued at $830,000. Brown Brothers Harriman & Co. acquired a new stake in Qnity Electronics in the fourth quarter worth $869,000. Kovack Advisors Inc. bought a new stake in Qnity Electronics in the fourth quarter valued at $414,000. Xponance LLC bought a new stake in Qnity Electronics in the fourth quarter valued at $2,652,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Qnity Electronics during the fourth quarter valued at about $3,339,000.

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.