Qnity Electronics, Inc. (NYSE:Q) Receives $105.00 Average PT from Brokerages

Shares of Qnity Electronics, Inc. (NYSE:Q) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $105.00.

Q has been the topic of several recent analyst reports. Weiss Ratings assumed coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $118.00 price objective on shares of Qnity Electronics in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Qnity Electronics in a report on Monday, November 24th. They set a “buy” rating and a $92.00 price objective on the stock. Wolfe Research started coverage on shares of Qnity Electronics in a report on Monday, November 3rd. They issued an “outperform” rating and a $110.00 target price for the company. Finally, New Street Research set a $110.00 price target on shares of Qnity Electronics in a research note on Monday, November 3rd.

Insider Transactions at Qnity Electronics

In other news, VP Michael G. Goss sold 1,895 shares of Qnity Electronics stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $84.79, for a total value of $160,677.05. Following the transaction, the vice president directly owned 13,305 shares of the company’s stock, valued at $1,128,130.95. The trade was a 12.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jon D. Kemp sold 5,655 shares of Qnity Electronics stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $85.01, for a total value of $480,731.55. Following the completion of the transaction, the chief executive officer directly owned 89,177 shares in the company, valued at $7,580,936.77. This represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,050 shares of company stock valued at $827,659 in the last ninety days. Company insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Qnity Electronics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in Qnity Electronics during the 4th quarter worth $25,000. Armstrong Advisory Group Inc. acquired a new position in Qnity Electronics in the 4th quarter worth $26,000. Motco purchased a new position in Qnity Electronics in the 4th quarter valued at about $27,000. Finally, Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics in the 4th quarter valued at about $27,000.

Qnity Electronics Stock Performance

Shares of Q opened at $111.65 on Thursday. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $117.69. The firm’s 50 day moving average price is $91.38. The stock has a market capitalization of $23.39 billion and a P/E ratio of 110.54. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 0.18.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.32. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion.

Qnity Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, February 27th. Qnity Electronics’s dividend payout ratio (DPR) is 31.68%.

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.