MidFirst Bank Invests $744,000 in Qnity Electronics, Inc. $Q

MidFirst Bank purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,107 shares of the premier technology solutions leader’s stock, valued at approximately $744,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in Qnity Electronics in the fourth quarter valued at approximately $2,226,626,000. State Street Corp acquired a new position in shares of Qnity Electronics during the fourth quarter worth $728,894,000. Geode Capital Management LLC bought a new position in shares of Qnity Electronics in the 4th quarter valued at $435,786,000. Invesco Ltd. acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at $385,057,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at $287,519,000.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $169.15 on Friday. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The firm has a fifty day simple moving average of $148.57 and a 200 day simple moving average of $117.41. The company has a market capitalization of $35.41 billion and a PE ratio of 58.13. 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 issued its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The company’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. On average, sell-side analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on Q shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Mizuho boosted their price target on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $151.33.

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.