UBS Group AG Purchases Shares of 1,474,764 Qnity Electronics, Inc. $Q

UBS Group AG purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,474,764 shares of the premier technology solutions leader’s stock, valued at approximately $120,414,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of Q. Vanguard Group Inc. bought a new position in Qnity Electronics during the 4th quarter valued at approximately $2,226,626,000. Massachusetts Financial Services Co. MA bought a new position in Qnity Electronics during the 4th quarter valued at approximately $125,587,000. Allspring Global Investments Holdings LLC bought a new position in Qnity Electronics during the 4th quarter valued at approximately $44,200,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Qnity Electronics during the 4th quarter valued at approximately $38,158,000. Finally, Teacher Retirement System of Texas bought a new position in Qnity Electronics during the 4th quarter valued at approximately $25,550,000.

Qnity Electronics Stock Performance

Shares of NYSE:Q opened at $143.41 on Friday. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $146.67. The company has a market cap of $30.06 billion and a price-to-earnings ratio of 78.37. The stock has a 50 day moving average price of $122.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46.

Qnity Electronics (NYSE:Q) last announced its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.18. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Qnity Electronics’s quarterly revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. On average, equities analysts forecast that Qnity Electronics, Inc. will post 3.78 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is 17.49%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. KeyCorp upped their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $126.00 price target on shares of Qnity Electronics in a research report on Friday, February 20th. Mizuho set a $120.00 target price on Qnity Electronics in a research report on Monday, February 23rd. Finally, Weiss Ratings began coverage on Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.29.

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.