Qnity Electronics (NYSE:Q) Sets New 1-Year High – Time to Buy?

Qnity Electronics, Inc. (NYSE:Q)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $141.75 and last traded at $143.2910, with a volume of 121111 shares trading hands. The stock had previously closed at $139.25.

Wall Street Analyst Weigh In

Several research firms have issued reports on Q. Weiss Ratings assumed coverage on shares of Qnity Electronics in a report on Thursday, January 22nd. They set a “hold (c-)” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 price target on shares of Qnity Electronics in a research report on Friday, February 20th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Mizuho set a $120.00 target price on Qnity Electronics in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada increased their price objective on Qnity Electronics from $118.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.86.

Qnity Electronics Trading Up 3.0%

The company has a market cap of $30.06 billion and a P/E ratio of 78.34. The business’s fifty day simple moving average is $118.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46.

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 firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The business’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. On average, equities analysts predict that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is 17.49%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Qnity Electronics during the 4th quarter worth approximately $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics during the 4th quarter valued at about $25,000. Armstrong Advisory Group Inc. purchased a new stake in Qnity Electronics during the fourth quarter worth about $26,000. Motco acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $27,000. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of Qnity Electronics in the fourth quarter valued at approximately $27,000.

Qnity Electronics Company Profile

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