Gabelli Funds LLC Sells 4,449 Shares of Qnity Electronics, Inc. $Q

Gabelli Funds LLC trimmed its stake in shares of Qnity Electronics, Inc. (NYSE:Q) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,501 shares of the premier technology solutions leader’s stock after selling 4,449 shares during the quarter. Gabelli Funds LLC owned 0.06% of Qnity Electronics worth $14,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of Q. Oregon Public Employees Retirement Fund lifted its position in shares of Qnity Electronics by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock worth $2,770,000 after buying an additional 77 shares during the period. AMG National Trust Bank boosted its stake in Qnity Electronics by 3.4% in the 1st quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock valued at $298,000 after buying an additional 84 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Qnity Electronics by 71.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after acquiring an additional 89 shares during the period. First Citizens Bank & Trust Co. grew its position in Qnity Electronics by 5.5% in the first quarter. First Citizens Bank & Trust Co. now owns 2,948 shares of the premier technology solutions leader’s stock valued at $340,000 after acquiring an additional 154 shares during the period. Finally, Patton Fund Management Inc. raised its stake in Qnity Electronics by 7.0% during the first quarter. Patton Fund Management Inc. now owns 2,812 shares of the premier technology solutions leader’s stock worth $324,000 after acquiring an additional 185 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. BMO Capital Markets upped their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $151.78.

Qnity Electronics Stock Down 0.1%

NYSE Q opened at $134.97 on Monday. The stock’s 50 day simple moving average is $150.51 and its 200 day simple moving average is $129.14. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28. The firm has a market cap of $28.25 billion and a PE ratio of 46.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion during the quarter. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, sell-side analysts forecast that Qnity Electronics, Inc. will post 4.16 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is 11.00%.

Qnity Electronics Company Profile

Qnity Electronics, Inc (NYSE: Q) is an electronic materials company focused on supplying technologies used in semiconductor manufacturing and advanced electronic systems. The company provides materials and process solutions that support wafer fabrication, semiconductor packaging and the production of increasingly complex electronic devices.

Its product portfolio includes materials used in semiconductor processing, advanced packaging, interconnect applications and other electronic manufacturing processes.