Qnity Electronics, Inc. (NYSE:Q) Stock Has Average Price Target of $154.36 According to Analysts

Shares of Qnity Electronics, Inc. (NYSE:Q) have earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $154.36.

Several analysts have commented on the stock. Truist Financial started coverage on shares of Qnity Electronics in a research report on Wednesday, October 14th. They set a “buy” rating and a $170.00 target price for the company. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Barclays assumed coverage on shares of Qnity Electronics in a report on Monday, October 12th. They set an “overweight” rating and a $211.00 target price on the stock. Royal Bank Of Canada cut their price objective on Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Weiss Ratings upgraded shares of Qnity Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 13th.

Insider Activity

In other news, Director Bondt De acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $138.14 per share, with a total value of $138,140.00. Following the acquisition, the director directly owned 6,647 shares in the company, valued at $918,216.58. The trade was a 17.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Qnity Electronics

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in 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 worth $518,787,000 after purchasing an additional 3,855,617 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Qnity Electronics by 3.8% in the 1st quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader’s stock worth $233,447,000 after buying an additional 73,662 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Qnity Electronics by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,661,636 shares of the premier technology solutions leader’s stock valued at $191,569,000 after acquiring an additional 48,629 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Qnity Electronics by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 1,334,852 shares of the premier technology solutions leader’s stock valued at $154,015,000 after buying an additional 37,842 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Qnity Electronics by 182.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,168,746 shares of the premier technology solutions leader’s stock valued at $134,850,000 after buying an additional 754,810 shares in the last quarter.

Qnity Electronics Price Performance

NYSE Q opened at $108.58 on Tuesday. Qnity Electronics has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The firm has a market cap of $22.72 billion and a P/E ratio of 29.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.01 and a quick ratio of 1.50. The stock’s 50-day moving average is $123.96 and its two-hundred day moving average is $137.72.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, beating 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 for the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts anticipate that Qnity Electronics will post 4.41 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.32 annualized dividend and a yield of 0.3%. Qnity Electronics’s dividend payout ratio (DPR) is 11.43%.

Qnity Electronics Company Profile

Qnity Electronics, Inc is a global materials and solutions company serving the semiconductor and advanced electronics industries. The company develops and supplies materials used throughout the manufacturing process for integrated circuits, including wafer fabrication, lithography, cleaning, chemical mechanical planarization and advanced packaging.

Its product portfolio includes semiconductor-grade materials such as photoresists, dielectric materials, CMP pads and slurries, cleaners, removers and other process-enabling technologies.