4,704 Shares in Qnity Electronics, Inc. $Q Purchased by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC bought a new position in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,704 shares of the premier technology solutions leader’s stock, valued at approximately $404,000.

Other large investors also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth about $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Qnity Electronics in the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth about $27,000. Finally, Covestor Ltd bought a new stake in shares of Qnity Electronics in the fourth quarter worth about $28,000.

Qnity Electronics Trading Down 2.7%

Shares of Q stock opened at $145.06 on Wednesday. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The company has a market cap of $30.37 billion and a PE ratio of 79.27. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $130.24.

Qnity Electronics (NYSE:Q) last announced its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. The company’s revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, sell-side analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is currently 17.49%.

Analyst Ratings Changes

Q has been the topic of several recent analyst reports. KeyCorp lifted 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. Mizuho lifted their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.33.

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.