Qnity Electronics (NYSE:Q) VP Michael Goss Sells 1,895 Shares of Stock

Qnity Electronics, Inc. (NYSE:Q) VP Michael Goss sold 1,895 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $84.79, for a total transaction of $160,677.05. Following the transaction, the vice president directly owned 13,305 shares in the company, valued at approximately $1,128,130.95. The trade was a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Qnity Electronics Stock Performance

Qnity Electronics stock opened at $78.75 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 0.18. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $105.40. The stock has a market cap of $16.50 billion and a P/E ratio of 77.97.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.32. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.23 billion.

Qnity Electronics Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a yield of 31.0%. Qnity Electronics’s dividend payout ratio (DPR) is 31.68%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wolfe Research began coverage on Qnity Electronics in a research note on Monday, November 3rd. They issued an “outperform” rating and a $110.00 price target on the stock. New Street Research set a $110.00 target price on shares of Qnity Electronics in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Qnity Electronics in a research note on Monday, November 24th. They set a “buy” rating and a $92.00 target price for the company. Mizuho reduced their price target on shares of Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada decreased their price objective on shares of Qnity Electronics from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

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.