Public Employees Retirement System of Ohio Invests $16.73 Million in Qnity Electronics, Inc. $Q

Public Employees Retirement System of Ohio bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 102,472 shares of the premier technology solutions leader’s stock, valued at approximately $16,735,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its stake in Qnity Electronics by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock worth $2,770,000 after purchasing an additional 77 shares in the last quarter. AMG National Trust Bank lifted its position in Qnity Electronics by 3.4% during the first quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock worth $298,000 after purchasing an additional 84 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its stake in 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 buying an additional 89 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its holdings in Qnity Electronics by 0.3% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 34,132 shares of the premier technology solutions leader’s stock valued at $5,574,000 after buying an additional 105 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Qnity Electronics by 5.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 2,948 shares of the premier technology solutions leader’s stock worth $340,000 after acquiring an additional 154 shares in the last quarter.

Qnity Electronics Price Performance

NYSE Q opened at $120.55 on Friday. The company has a market capitalization of $25.22 billion and a PE ratio of 43.05. 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 business’s fifty day moving average is $139.86 and its 200 day moving average is $135.38. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28.

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

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Qnity Electronics’s payout ratio is presently 11.43%.

Insider Activity

In other Qnity Electronics news, Director Bondt Karin De acquired 1,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the transaction, the director directly owned 6,647 shares of the company’s stock, valued at $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on Q. Weiss Ratings cut Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Mizuho boosted their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $151.78.

Qnity Electronics Company Profile

Qnity Electronics, Inc (NYSE: Q) is a global materials and solutions provider serving the semiconductor and advanced electronics industries. The company develops technologies used throughout the semiconductor manufacturing process, including materials that support wafer fabrication, advanced packaging and the production of increasingly complex electronic devices.

Its product portfolio includes semiconductor fabrication and packaging materials such as chemical mechanical planarization products, photoresists, dielectric and metallization materials, specialty chemicals, and thermal-management solutions.