Qnity Electronics (NYSE:Q) Insider Sang Ho Kang Sells 2,500 Shares of Stock

Qnity Electronics, Inc. (NYSE:Q) insider Sang Ho Kang sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $74.50, for a total transaction of $186,250.00. Following the completion of the transaction, the insider directly owned 15,647 shares in the company, valued at approximately $1,165,701.50. This represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Qnity Electronics Price Performance

Q traded up $0.71 on Tuesday, reaching $85.01. 1,404,904 shares of the company’s stock were exchanged, compared to its average volume of 2,819,970. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $105.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.78.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, November 18th. The premier technology solutions leader reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion.

Qnity Electronics Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, November 28th. This represents a yield of 31.0%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on Q shares. Royal Bank Of Canada lowered their price objective on Qnity Electronics from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Zacks Research raised shares of Qnity Electronics to a “hold” rating in a research report on Thursday, November 6th. Mizuho dropped their price objective on shares of Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Wall Street Zen raised shares of Qnity Electronics to a “hold” rating in a research note on Friday, November 28th. Finally, Wolfe Research began coverage on shares of Qnity Electronics in a research note on Monday, November 3rd. They issued an “outperform” rating and a $110.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.