M&T Bank Corp Makes New $65.33 Million Investment in Qnity Electronics, Inc. $Q

M&T Bank Corp acquired a new position in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 800,183 shares of the premier technology solutions leader’s stock, valued at approximately $65,334,000.

A number of other institutional investors have also added to or reduced their stakes in Q. GAMMA Investing LLC bought a new position in Qnity Electronics in the fourth quarter worth $461,000. Neville Rodie & Shaw Inc. bought a new position in Qnity Electronics in the fourth quarter worth $526,000. Investors Research Corp bought a new position in Qnity Electronics in the fourth quarter worth $102,000. Board of the Pension Protection Fund bought a new position in Qnity Electronics in the fourth quarter worth $73,000. Finally, Canal Capital Management LLC bought a new position in Qnity Electronics in the fourth quarter worth $331,000.

Analysts Set New Price Targets

Q has been the subject of a number of research reports. KeyCorp increased their price objective on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Mizuho set a $120.00 price objective on Qnity Electronics in a report on Monday, February 23rd. Royal Bank Of Canada increased their price objective on Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Weiss Ratings assumed coverage on Qnity Electronics in a report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

Qnity Electronics Price Performance

Shares of NYSE:Q opened at $143.41 on Monday. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $146.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The firm’s fifty day moving average is $122.50. The company has a market capitalization of $30.06 billion and a P/E ratio of 78.37.

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

Qnity Electronics Announces Dividend

The business 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. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.

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.