Harbor Capital Advisors Inc. Buys New Holdings in Qnity Electronics, Inc. $Q

Harbor Capital Advisors Inc. bought a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, Holdings Channel reports. The fund bought 4,417 shares of the premier technology solutions leader’s stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Q. Allspring Global Investments Holdings LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $44,200,000. Aberdeen Group plc acquired a new position in Qnity Electronics in the fourth quarter valued at $19,338,000. SG Americas Securities LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $19,068,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Qnity Electronics in the fourth quarter valued at $18,744,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $5,403,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on Q shares. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a report on Friday, February 20th. Royal Bank Of Canada lifted their target price on Qnity Electronics from $118.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Oppenheimer started coverage on Qnity Electronics in a report on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 target price on the stock. Finally, Weiss Ratings assumed coverage on Qnity Electronics in a report on Thursday, January 22nd. They issued a “hold (c-)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $120.86.

Qnity Electronics Price Performance

Shares of Q opened at $118.82 on Wednesday. The stock’s 50-day moving average is $111.88. The firm has a market capitalization of $24.91 billion and a PE ratio of 64.93. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $140.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The business’s revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

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.