Tribune Investment Group LP Takes Position in Qnity Electronics, Inc. $Q

Tribune Investment Group LP acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 45,740 shares of the premier technology solutions leader’s stock, valued at approximately $7,470,000. Qnity Electronics makes up 3.0% of Tribune Investment Group LP’s holdings, making the stock its 3rd biggest holding.

Several other hedge funds have also recently bought and sold shares of Q. Dunhill Financial LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Motco acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $27,000. Covestor Ltd purchased a new position in shares of Qnity Electronics in the fourth quarter valued at approximately $28,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Qnity Electronics in the fourth quarter valued at approximately $29,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on Q shares. Royal Bank Of Canada dropped their price objective on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Qnity Electronics in a report on Wednesday, August 5th. Mizuho raised their price target on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings downgraded shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $151.78.

Insider Buying and Selling

In other news, Director Bondt Karin De purchased 1,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the acquisition, the director directly owned 6,647 shares of the company’s stock, valued at approximately $918,216.58. The trade was a 17.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

Qnity Electronics Stock Performance

Shares of Q opened at $128.86 on Monday. The stock has a 50-day simple moving average of $143.50 and a 200-day simple moving average of $134.64. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.01. The stock has a market capitalization of $26.96 billion and a PE ratio of 46.02. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $177.28.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%.The business had revenue of $1.43 billion during the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts predict that Qnity Electronics, Inc. will post 4.52 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s payout ratio is currently 11.43%.

About Qnity Electronics

Qnity Electronics, Inc (NYSE: Q) is a semiconductor materials company focused on supplying technologies used in the manufacture of advanced electronic devices. The company develops materials and process solutions that support semiconductor fabrication, advanced packaging and other stages of the electronics production cycle.

Its product portfolio includes materials used in areas such as chemical mechanical planarization, lithography, dielectric and metallization processes, wafer cleaning and advanced packaging.