Twin Capital Management Inc. Makes New Investment in Qnity Electronics, Inc. $Q

Twin Capital Management Inc. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) during the 1st quarter, Holdings Channel.com reports. The fund acquired 5,820 shares of the premier technology solutions leader’s stock, valued at approximately $672,000.

A number of other hedge funds have also bought and sold shares of Q. Vanguard Group Inc. purchased a new position in Qnity Electronics in the fourth quarter worth about $2,226,626,000. State Street Corp purchased a new stake in shares of Qnity Electronics in the 4th quarter worth $728,894,000. Geode Capital Management LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $435,786,000. Invesco Ltd. purchased a new position in Qnity Electronics during the fourth quarter valued at $385,057,000. Finally, Franklin Resources Inc. bought a new stake in Qnity Electronics during the fourth quarter valued at about $287,519,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on Q. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada dropped their price target on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research note on Tuesday. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, BMO Capital Markets raised their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Qnity Electronics presently has an average rating of “Buy” and an average price target of $151.78.

Qnity Electronics Trading Down 3.3%

NYSE Q opened at $135.55 on Friday. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $177.28. The company’s 50-day moving average price is $153.11 and its 200-day moving average price is $126.87. The stock has a market cap of $28.38 billion and a PE ratio of 46.58. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The business’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. Equities research analysts forecast that Qnity Electronics, Inc. will post 4.16 earnings per share for the current year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is 11.00%.

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.