Elevate Capital Advisors LLC Buys New Holdings in Qnity Electronics, Inc. $Q

Elevate Capital Advisors LLC acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,938 shares of the premier technology solutions leader’s stock, valued at approximately $648,000.

Several other hedge funds have also recently bought and sold shares of Q. GAMMA Investing LLC acquired a new stake in Qnity Electronics during the fourth quarter worth approximately $461,000. Neville Rodie & Shaw Inc. acquired a new stake in Qnity Electronics during the fourth quarter worth approximately $526,000. Investors Research Corp acquired a new stake in Qnity Electronics during the fourth quarter worth approximately $102,000. Board of the Pension Protection Fund acquired a new stake in Qnity Electronics during the fourth quarter worth approximately $73,000. Finally, Canal Capital Management LLC acquired a new stake in Qnity Electronics during the fourth quarter worth approximately $331,000.

Analysts Set New Price Targets

Several brokerages have issued reports on Q. Mizuho set a $120.00 price objective on shares of Qnity Electronics in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 price objective on shares of Qnity Electronics in a research report on Friday, February 20th. Weiss Ratings began coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Oppenheimer began coverage on shares of Qnity Electronics in a research report on Tuesday, December 16th. They set an “outperform” rating and a $100.00 price objective for the company. Finally, Royal Bank Of Canada raised 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $120.86.

Qnity Electronics Trading Up 0.6%

Shares of Q opened at $130.65 on Friday. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $140.60. The stock’s 50 day simple moving average is $113.70. The company has a market capitalization of $27.38 billion and a PE ratio of 71.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46.

Qnity Electronics (NYSE:Q) last announced its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping the consensus estimate of $0.64 by $0.18. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate 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 Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.