Capital Asset Advisory Services LLC acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,542 shares of the premier technology solutions leader’s stock, valued at approximately $453,000.
Several other large investors have also recently bought and sold shares of Q. Armstrong Advisory Group Inc. acquired a new stake in Qnity Electronics in the fourth quarter worth $26,000. Gladwyn Financial Advisors Inc. acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $48,000. True Wealth Design LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at $49,000. Adirondack Trust Co. bought a new stake in shares of Qnity Electronics in the 4th quarter valued at $51,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in Qnity Electronics during the 4th quarter worth $52,000.
Qnity Electronics Trading Up 2.8%
NYSE Q opened at $118.19 on Wednesday. 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 stock’s fifty day moving average price is $108.07. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $140.60. The company has a market capitalization of $24.78 billion and a price-to-earnings ratio of 64.58.
Analysts Set New Price Targets
Q has been the topic of several recent analyst reports. Mizuho set a $120.00 price objective on Qnity Electronics in a report on Monday, February 23rd. Weiss Ratings assumed coverage on Qnity Electronics in a research note on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Wall Street Zen upgraded shares of Qnity Electronics to a “hold” rating in a report on Friday, November 28th. KeyCorp upped their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Oppenheimer assumed 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $120.86.
Read Our Latest Report on Qnity Electronics
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.
Further Reading
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