Legal & General Group Plc Purchases New Position in Qnity Electronics, Inc. $Q

Legal & General Group Plc purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,378,253 shares of the premier technology solutions leader’s stock, valued at approximately $112,534,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $769,000. Cohen Klingenstein LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $587,000. KBC Group NV acquired a new position in Qnity Electronics in the 4th quarter valued at about $12,189,000. Delta Capital Management LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $1,141,000. Finally, Keybank National Association OH acquired a new position in Qnity Electronics in the 4th quarter valued at about $6,586,000.

Analysts Set New Price Targets

A number of research analysts recently commented on Q shares. Mizuho upped their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. KeyCorp increased their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, BMO Capital Markets restated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.33.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $159.03 on Friday. The company has a 50 day moving average of $136.57 and a 200-day moving average of $109.68. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a market cap of $33.29 billion and a PE ratio of 54.65.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, equities research analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is 11.00%.

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.