Cardinal Capital Management Buys New Shares in Qnity Electronics, Inc. $Q

Cardinal Capital Management bought a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, Holdings Channel reports. The firm bought 17,222 shares of the premier technology solutions leader’s stock, valued at approximately $1,406,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cohen Klingenstein LLC bought a new position in shares of Qnity Electronics in the fourth quarter valued at $587,000. KBC Group NV bought a new position in shares of Qnity Electronics in the fourth quarter valued at $12,189,000. Delta Capital Management LLC bought a new position in shares of Qnity Electronics in the fourth quarter valued at $1,141,000. Quantum Financial Advisors LLC bought a new position in shares of Qnity Electronics in the fourth quarter valued at $854,000. Finally, Yousif Capital Management LLC bought a new position in shares of Qnity Electronics in the fourth quarter valued at $2,385,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on Q. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Mizuho set a $120.00 price objective on shares of Qnity Electronics in a research report on Monday, February 23rd. Royal Bank Of Canada lifted their price objective on shares of Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $126.00 price objective on shares of Qnity Electronics in a research report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.29.

Qnity Electronics Stock Down 4.3%

Q stock opened at $137.61 on Wednesday. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $146.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95. The company has a 50-day moving average of $121.41. The firm has a market capitalization of $28.84 billion and a P/E ratio of 75.19.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.18. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. The business’s quarterly 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. On average, analysts anticipate that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is 17.49%.

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.