Needham Investment Management LLC Takes $2.65 Million Position in Qnity Electronics, Inc. $Q

Needham Investment Management LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,500 shares of the premier technology solutions leader’s stock, valued at approximately $2,654,000.

Several other large investors have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics during the fourth quarter worth $25,000. Dunhill Financial LLC bought a new position in Qnity Electronics in the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics in the fourth quarter valued at about $26,000. Motco acquired a new stake in Qnity Electronics in the fourth quarter worth about $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics during the 4th quarter worth about $27,000.

Analysts Set New Price Targets

Q has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada lifted their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, KeyCorp upped their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $160.75 on Tuesday. The stock’s fifty day simple moving average is $145.28 and its 200 day simple moving average is $115.37. 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 company has a market capitalization of $33.65 billion and a PE ratio of 55.24. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. The company’s revenue for the quarter 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, research analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is 11.00%.

Qnity Electronics Profile