Qnity Electronics (NYSE:Q) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Qnity Electronics (NYSE:Q) to a hold rating in a report published on Friday morning.

A number of other research firms also recently weighed in on Q. Zacks Research upgraded shares of Qnity Electronics to a “hold” rating in a research report on Thursday, November 6th. Royal Bank Of Canada reduced their price objective on shares of Qnity Electronics from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Qnity Electronics in a research report on Monday, November 24th. They set a “buy” rating and a $92.00 target price for the company. Wolfe Research assumed coverage on Qnity Electronics in a research note on Monday, November 3rd. They issued an “outperform” rating and a $110.00 price target on the stock. Finally, Mizuho dropped their price objective on Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Qnity Electronics currently has an average rating of “Moderate Buy” and an average price target of $104.40.

Qnity Electronics Stock Performance

Shares of Q stock opened at $81.09 on Friday. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $105.40.

Qnity Electronics (NYSE:Q) last announced its earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, November 28th. This represents a yield of 31.0%.

Insider Transactions at Qnity Electronics

In other news, Director Anne P. Noonan purchased 3,240 shares of the business’s stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $77.30 per share, for a total transaction of $250,452.00. Following the completion of the purchase, the director directly owned 3,240 shares in the company, valued at $250,452. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.40% of the company’s stock.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.