Qnity Electronics (NYSE:Q) Sets New 52-Week High – Should You Buy?

Qnity Electronics, Inc. (NYSE:Q) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $176.49 and last traded at $175.2050, with a volume of 26183 shares trading hands. The stock had previously closed at $168.98.

Analyst Ratings Changes

Q has been the subject of several research reports. Royal Bank Of Canada increased their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. KeyCorp lifted their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Eight 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, Qnity Electronics has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Stock Up 2.8%

The firm has a market capitalization of $36.38 billion and a PE ratio of 59.90. The business’s 50 day simple moving average is $148.57 and its 200 day simple moving average is $117.69. The company has a current ratio of 2.12, a quick ratio of 1.57 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 (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. The business’s revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, equities research analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Announces Dividend

The business also recently disclosed 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 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%.

Hedge Funds Weigh In On Qnity Electronics

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in Qnity Electronics in the fourth quarter worth $2,226,626,000. State Street Corp bought a new position in Qnity Electronics during the fourth quarter valued at $728,894,000. Geode Capital Management LLC bought a new position in Qnity Electronics during the fourth quarter valued at $435,786,000. Invesco Ltd. bought a new position in Qnity Electronics during the fourth quarter valued at $385,057,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Qnity Electronics by 741.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after acquiring an additional 3,855,617 shares during the period.

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.