Qnity Electronics (NYSE:Q) Stock Price Target Lowered at Royal Bank Of Canada

Qnity Electronics (NYSE:Q) had its target price dropped by Royal Bank Of Canada from $189.00 to $160.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the premier technology solutions leader’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 36.59% from the company’s current price.

Other research analysts have also issued reports about the stock. Mizuho cut their target price on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 1st. Truist Financial initiated coverage on shares of Qnity Electronics in a research report on Wednesday. They issued a “buy” rating and a $170.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Qnity Electronics in a research note on Wednesday, August 5th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings upgraded shares of Qnity Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Qnity Electronics has an average rating of “Moderate Buy” and an average target price of $154.36.

Qnity Electronics Price Performance

NYSE Q traded down $4.48 during trading on Thursday, hitting $117.14. 249,868 shares of the stock traded hands, compared to its average volume of 2,006,740. The company has a market capitalization of $24.51 billion and a P/E ratio of 41.86. The firm has a 50-day simple moving average of $126.51 and a 200-day simple moving average of $137.61. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $177.28.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. The business had revenue of $1.43 billion for the quarter. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, analysts predict that Qnity Electronics will post 4.52 EPS for the current year.

Insider Transactions at Qnity Electronics

In related news, Director Bondt De acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the transaction, the director directly owned 6,647 shares in the company, valued at approximately $918,216.58. This trade represents a 17.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Qnity Electronics

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in Qnity Electronics by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock worth $2,770,000 after buying an additional 77 shares during the last quarter. AMG National Trust Bank boosted its stake in Qnity Electronics by 3.4% during the first quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock worth $298,000 after buying an additional 84 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. Everhart Financial Group Inc. increased its position in Qnity Electronics by 2.6% during the third quarter. Everhart Financial Group Inc. now owns 4,029 shares of the premier technology solutions leader’s stock valued at $507,000 after acquiring an additional 104 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its position in Qnity Electronics by 0.3% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 34,132 shares of the premier technology solutions leader’s stock valued at $5,574,000 after acquiring an additional 105 shares during the last quarter.

About Qnity Electronics

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity’s product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.