Meridian Investment Counsel Inc. Buys New Stake in Qnity Electronics, Inc. $Q

Meridian Investment Counsel Inc. bought a new position in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,117 shares of the premier technology solutions leader’s stock, valued at approximately $1,724,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of Q. GAMMA Investing LLC acquired a new position in Qnity Electronics during the 4th quarter worth $461,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at about $526,000. Investors Research Corp bought a new position in shares of Qnity Electronics in the fourth quarter worth about $102,000. Board of the Pension Protection Fund bought a new position in shares of Qnity Electronics in the fourth quarter worth about $73,000. Finally, Canal Capital Management LLC acquired a new position in shares of Qnity Electronics during the 4th quarter worth about $331,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on Q shares. KeyCorp increased their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings initiated coverage on Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating on the stock. Oppenheimer began coverage on Qnity Electronics in a report on Tuesday, December 16th. They set an “outperform” rating and a $100.00 price target for the company. Mizuho set a $120.00 price objective on Qnity Electronics in a research report on Monday, February 23rd. Finally, Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $120.86.

Qnity Electronics Price Performance

Shares of Q stock opened at $116.48 on Friday. The company has a fifty day moving average of $111.05. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $140.60. The firm has a market cap of $24.42 billion and a price-to-earnings ratio of 63.65. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Qnity Electronics Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.