14,810 Shares in Qnity Electronics, Inc. $Q Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC purchased a new position in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, Holdings Channel.com reports. The firm purchased 14,810 shares of the premier technology solutions leader’s stock, valued at approximately $1,209,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC acquired a new position in Qnity Electronics in the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. acquired a new position in Qnity Electronics in the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC acquired a new position in Qnity Electronics in the fourth quarter worth about $27,000. Stephens Consulting LLC bought a new stake in Qnity Electronics during the fourth quarter worth about $30,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth approximately $32,000.

Qnity Electronics Trading Down 0.5%

NYSE:Q opened at $140.60 on Friday. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $146.67. The firm has a 50 day moving average price of $122.50. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $29.47 billion and a PE ratio of 76.83.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, beating the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Qnity Electronics’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. As a group, analysts forecast that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The business 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 dividend of $0.08 per share. 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%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Mizuho set a $120.00 target price on shares of Qnity Electronics in a research note on Monday, February 23rd. Weiss Ratings assumed coverage on shares of Qnity Electronics in a research note on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a research note on Friday, February 20th. Royal Bank Of Canada lifted their target price on shares of Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.29.

About Qnity Electronics

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