Meyer Handelman Co. Acquires Shares of 41,577 Qnity Electronics, Inc. $Q

Meyer Handelman Co. bought a new position in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 41,577 shares of the premier technology solutions leader’s stock, valued at approximately $3,395,000.

A number of other large investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in Qnity Electronics in the fourth quarter worth about $44,200,000. SG Americas Securities LLC bought a new stake in Qnity Electronics during the 4th quarter valued at approximately $19,068,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Qnity Electronics during the 4th quarter valued at approximately $18,744,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Qnity Electronics during the 4th quarter worth approximately $5,403,000. Finally, Czech National Bank purchased a new position in shares of Qnity Electronics during the 4th quarter worth approximately $4,509,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on Q shares. Mizuho set a $120.00 target price on Qnity Electronics in a research note on Monday, February 23rd. Royal Bank Of Canada upped their price target on Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Oppenheimer assumed coverage on Qnity Electronics in a research report on Tuesday, December 16th. They set an “outperform” rating and a $100.00 price objective for the company. KeyCorp boosted their target price 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, Weiss Ratings assumed coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $120.86.

Qnity Electronics Stock Performance

Q stock opened at $115.35 on Wednesday. The firm’s 50 day simple moving average is $109.98. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $140.60. The stock has a market capitalization of $24.18 billion and a price-to-earnings ratio of 63.03. 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 issued its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Qnity Electronics’s quarterly 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.