Czech National Bank bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 55,224 shares of the premier technology solutions leader’s stock, valued at approximately $4,509,000.
A number of other hedge funds and other institutional investors have also modified their holdings of Q. Armstrong Advisory Group Inc. acquired a new stake in Qnity Electronics during the 4th quarter worth about $26,000. Gladwyn Financial Advisors Inc. purchased a new stake in Qnity Electronics during the fourth quarter valued at about $48,000. True Wealth Design LLC acquired a new position in shares of Qnity Electronics in the fourth quarter worth about $49,000. Adirondack Trust Co. acquired a new position in shares of Qnity Electronics in the fourth quarter worth about $51,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in shares of Qnity Electronics in the fourth quarter worth approximately $52,000.
Qnity Electronics Price Performance
NYSE Q opened at $111.81 on Friday. 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 stock has a market capitalization of $23.44 billion and a price-to-earnings ratio of 61.10. The stock has a 50 day moving average of $109.38. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $140.60.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 price target on shares of Qnity Electronics in a report on Friday, February 20th. Royal Bank Of Canada lifted their price objective 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. Oppenheimer started coverage on shares of Qnity Electronics in a research note on Tuesday, December 16th. They set an “outperform” rating and a $100.00 target price on the stock. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings initiated coverage on Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $120.86.
Read Our Latest Stock Analysis on Q
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.
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