Fort Sheridan Advisors LLC Takes Position in Qnity Electronics, Inc. $Q

Fort Sheridan Advisors LLC purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,284 shares of the premier technology solutions leader’s stock, valued at approximately $350,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $2,226,626,000. Geode Capital Management LLC purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $435,786,000. Massachusetts Financial Services Co. MA purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $125,587,000. UBS Group AG purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $120,414,000. Finally, Legal & General Group Plc purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $112,534,000.

Qnity Electronics Stock Performance

NYSE Q opened at $155.90 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The company has a market capitalization of $32.64 billion and a PE ratio of 53.57. The company has a fifty day moving average of $137.41 and a two-hundred day moving average of $110.00.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. Qnity Electronics’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, analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, Mizuho lifted their target price on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Qnity Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

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.