Kentucky Retirement Systems Invests $1.07 Million in Qnity Electronics, Inc. $Q

Kentucky Retirement Systems purchased a new position in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,140 shares of the premier technology solutions leader’s stock, valued at approximately $1,073,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth $25,000. Dunhill Financial LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth $26,000. Motco bought a new position in shares of Qnity Electronics in the fourth quarter worth $27,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth $27,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. KeyCorp increased their price target on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research note 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Trading Down 0.1%

Shares of Q stock opened at $155.90 on Monday. The stock has a 50-day simple moving average of $137.41 and a 200 day simple moving average of $110.09. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The stock has a market capitalization of $32.64 billion and a P/E ratio of 53.57. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last announced its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The firm’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 expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.

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.