Qnity Electronics, Inc. (NYSE:Q) Given Consensus Recommendation of “Buy” by Brokerages

Qnity Electronics, Inc. (NYSE:Q) has earned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $120.8571.

Several brokerages recently issued reports on Q. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 price target on shares of Qnity Electronics in a report on Friday, February 20th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Mizuho set a $120.00 target price on Qnity Electronics in a research note on Monday, February 23rd. Wall Street Zen upgraded Qnity Electronics to a “hold” rating in a research note on Friday, November 28th. Finally, Weiss Ratings assumed coverage on Qnity Electronics in a report on Thursday, January 22nd. They set a “hold (c-)” rating on the stock.

Insider Buying and Selling

In other news, VP Michael G. Goss sold 1,895 shares of the company’s stock in a transaction 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 directly owned 13,305 shares in the company, valued at approximately $1,128,130.95. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon D. Kemp sold 5,655 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 89,177 shares of the company’s stock, valued at approximately $7,580,936.77. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Qnity Electronics

A number of institutional investors have recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in shares of Qnity Electronics in the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics in the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics in the fourth quarter valued at about $27,000. Finally, Motco acquired a new stake in Qnity Electronics during the 4th quarter valued at approximately $27,000.

Qnity Electronics Stock Down 5.0%

Qnity Electronics stock opened at $110.07 on Monday. Qnity Electronics has a 52-week low of $70.50 and a 52-week high of $140.60. The stock has a fifty day simple moving average of $101.88. The firm has a market capitalization of $23.08 billion and a price-to-earnings ratio of 60.15. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last issued its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Qnity Electronics’s revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.08 dividend. The ex-dividend date of this dividend 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 17.49%.

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.