King Luther Capital Management Corp Makes New Investment in Qnity Electronics, Inc. $Q

King Luther Capital Management Corp bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,298 shares of the premier technology solutions leader’s stock, valued at approximately $8,189,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in Qnity Electronics during the fourth quarter worth about $2,226,626,000. Massachusetts Financial Services Co. MA acquired a new stake in Qnity Electronics in the 4th quarter worth about $125,587,000. UBS Group AG acquired a new stake in Qnity Electronics in the 4th quarter worth about $120,414,000. Legal & General Group Plc acquired a new stake in Qnity Electronics in the 4th quarter worth about $112,534,000. Finally, M&T Bank Corp acquired a new stake in Qnity Electronics in the 4th quarter worth about $65,334,000.

Qnity Electronics Trading Down 3.4%

Q opened at $159.04 on Thursday. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The company has a 50-day simple moving average of $135.66 and a 200 day simple moving average of $109.21. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $33.29 billion and a price-to-earnings ratio of 54.65.

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 firm had revenue of $1.32 billion for the quarter. Qnity Electronics’s 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. Analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Analyst Ratings Changes

Several analysts have weighed in on Q shares. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Royal Bank Of Canada lifted their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Qnity Electronics has a consensus rating of “Moderate Buy” and an average price target of $151.33.

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.