Azzad Asset Management Inc. ADV Purchases New Position in Qnity Electronics, Inc. $Q

Azzad Asset Management Inc. ADV acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,202 shares of the premier technology solutions leader’s stock, valued at approximately $1,405,000.

Other large investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Qnity Electronics in the 4th quarter valued at $26,000. Stephens Consulting LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at $30,000. Sound Income Strategies LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at $32,000. Finally, Piscataqua Savings Bank acquired a new position in shares of Qnity Electronics in the 4th quarter valued at approximately $36,000.

Analyst Ratings Changes

Q has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on Qnity Electronics from $118.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Oppenheimer initiated coverage on Qnity Electronics in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 price objective for the company. KeyCorp boosted their price objective on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 price objective on shares of Qnity Electronics in a research report on Friday, February 20th. Finally, Weiss Ratings started coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $120.86.

Qnity Electronics Trading Down 0.0%

Q opened at $118.82 on Wednesday. The company has a market cap of $24.91 billion and a PE ratio of 64.93. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $140.60. The company has a fifty day moving average of $111.88. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last announced its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The firm 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% on a year-over-year basis. 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.