Qnity Electronics (NYSE:Q) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Qnity Electronics, Inc. (NYSE:Q) shares crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $121.12 and traded as high as $126.35. Qnity Electronics shares last traded at $124.9530, with a volume of 2,638,053 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on Q. Royal Bank Of Canada cut their price objective on shares of Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Mizuho decreased their target price on Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 5th. Truist Financial began coverage on Qnity Electronics in a research note on Wednesday, October 14th. They set a “buy” rating and a $170.00 price objective on the stock. Finally, Weiss Ratings cut shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $164.78.

Qnity Electronics Stock Up 2.3%

The firm’s 50-day moving average price is $121.42 and its 200-day moving average price is $129.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.09 and a quick ratio of 1.58. The company has a market cap of $26.44 billion and a price-to-earnings ratio of 27.17.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Wednesday, November 4th. The premier technology solutions leader reported $1.46 EPS for the quarter, beating the consensus estimate of $1.18 by $0.28. Qnity Electronics had a return on equity of 12.63% and a net margin of 10.16%. The company had revenue of $1.56 billion for the quarter. Sell-side analysts forecast that Qnity Electronics, Inc. will post 5.01 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, November 30th. Qnity Electronics’s dividend payout ratio is currently 12.03%.

Institutional Trading of Qnity Electronics

Large investors have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Qnity Electronics by 71.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Qnity Electronics by 273.6% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 198 shares of the premier technology solutions leader’s stock worth $25,000 after acquiring an additional 145 shares in the last quarter. First Bancorp Inc ME acquired a new position in shares of Qnity Electronics in the second quarter worth about $32,000. Markowski Investments purchased a new position in Qnity Electronics in the second quarter valued at about $33,000. Finally, NBH Bank purchased a new stake in Qnity Electronics during the 2nd quarter worth approximately $34,000.

Qnity Electronics Company Profile

Qnity Electronics develops materials and technologies used in semiconductor manufacturing and electronic interconnect applications. Its products support processes such as chip fabrication and advanced packaging, as well as the production and assembly of circuit boards. The company serves customers across the global electronics supply chain, including semiconductor manufacturers and makers of electronic components. Its portfolio includes materials designed to help enable reliable, high-performance devices and connections.