J.W. Cole Advisors Inc. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 9,397 shares of the premier technology solutions leader’s stock, valued at approximately $709,000.
Several other large investors also recently made changes to their positions in Q. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $25,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $27,000. Finally, Motco bought a new stake in Qnity Electronics in the 4th quarter valued at $27,000.
Qnity Electronics Stock Down 3.5%
Q opened at $139.65 on Thursday. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The stock’s fifty day simple moving average is $143.08 and its 200 day simple moving average is $113.72. 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 stock has a market cap of $29.23 billion and a PE ratio of 47.99.
Qnity Electronics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.08 per share. The ex-dividend date 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 presently 11.00%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on Q shares. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada increased their price target on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Mizuho increased their price target on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.33.
View Our Latest Analysis on Qnity Electronics
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.
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