Resona Asset Management Co. Ltd. Buys Shares of 69,021 Qnity Electronics, Inc. $Q

Resona Asset Management Co. Ltd. bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, HoldingsChannel reports. The fund bought 69,021 shares of the premier technology solutions leader’s stock, valued at approximately $5,656,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Qnity Electronics during the fourth quarter valued at $25,000. Dunhill Financial LLC bought a new position in shares of Qnity Electronics during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics during the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics during the fourth quarter worth about $27,000. Finally, Stephens Consulting LLC bought a new position in shares of Qnity Electronics during the fourth quarter worth about $30,000.

Qnity Electronics Stock Performance

Q stock opened at $156.88 on Friday. The company has a market capitalization of $32.84 billion and a P/E ratio of 53.91. The company has a 50-day simple moving average of $132.60 and a 200 day simple moving average of $107.83. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. Qnity Electronics’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Sell-side analysts predict that Qnity Electronics, Inc. will post 4.08 earnings per share 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. Shareholders of record on Friday, May 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 11.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on Q shares. BMO Capital Markets restated an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Mizuho upped their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. KeyCorp upped their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Profile

Qnity Electronics is a technology company focused on electronic materials and solutions used in the semiconductor and advanced electronics industries. Its products and services are designed to support applications such as chip packaging, circuit board manufacturing, and other high-performance electronics processes.

The company serves customers across the electronics supply chain, helping enable the production and reliability of devices used in computing, communications, automotive, and industrial applications.