Qnity Electronics (NYSE:Q) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Qnity Electronics (NYSE:Q) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research analysts have also issued reports on the stock. Weiss Ratings initiated coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. KeyCorp increased their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Royal Bank Of Canada increased 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. Mizuho set a $120.00 price target on shares of Qnity Electronics in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 price target on shares of Qnity Electronics in a research report on Friday, February 20th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.86.

Qnity Electronics Stock Up 0.7%

NYSE:Q opened at $140.25 on Tuesday. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $146.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The firm has a market capitalization of $29.39 billion and a price-to-earnings ratio of 76.64. The business has a 50-day simple moving average of $119.60.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Qnity Electronics’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. On average, research analysts expect that Qnity Electronics will post 3.78 EPS for the current year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.

Institutional Trading of Qnity Electronics

Several hedge funds have recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Qnity Electronics during the first quarter worth approximately $68,000. Apollon Wealth Management LLC increased its holdings in shares of Qnity Electronics by 5.7% in the first quarter. Apollon Wealth Management LLC now owns 6,986 shares of the premier technology solutions leader’s stock valued at $806,000 after purchasing an additional 379 shares in the last quarter. Patton Fund Management Inc. increased its holdings in shares of Qnity Electronics by 7.0% in the first quarter. Patton Fund Management Inc. now owns 2,812 shares of the premier technology solutions leader’s stock valued at $324,000 after purchasing an additional 185 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Qnity Electronics in the first quarter valued at approximately $156,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Qnity Electronics in the first quarter valued at approximately $220,000.

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.