Needham Investment Management LLC Takes Position in Solstice Advanced Mat $SOLS

Needham Investment Management LLC purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 175,000 shares of the company’s stock, valued at approximately $8,502,000. Needham Investment Management LLC owned about 0.11% of Solstice Advanced Mat at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Ferguson Wellman Capital Management Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $2,259,000. Parsons Capital Management Inc. RI bought a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $625,000. JFS Wealth Advisors LLC bought a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $121,000. Pathway Financial Advisors LLC bought a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $89,000.

Solstice Advanced Mat Trading Up 4.3%

NASDAQ SOLS opened at $86.66 on Tuesday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The stock has a market cap of $13.76 billion and a price-to-earnings ratio of 97.37. The firm’s 50 day moving average price is $82.08 and its two-hundred day moving average price is $69.62.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Analysts Set New Price Targets

Several brokerages recently commented on SOLS. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Thursday, May 14th. UBS Group boosted their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, BMO Capital Markets boosted their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Hold” and an average target price of $87.38.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.