Vestcor Inc Purchases New Position in Qnity Electronics, Inc. $Q

Vestcor Inc purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,100 shares of the premier technology solutions leader’s stock, valued at approximately $335,000.

A number of other institutional investors have also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in Qnity Electronics in the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics in the fourth quarter worth about $26,000. Motco bought a new stake in Qnity Electronics in the fourth quarter worth about $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics in the fourth quarter worth about $27,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on Q shares. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. KeyCorp raised their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada raised their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Qnity Electronics has an average rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Stock Performance

Shares of NYSE:Q opened at $144.75 on Wednesday. The firm has a market cap of $30.30 billion and a PE ratio of 49.74. The firm’s 50 day simple moving average is $142.43 and its 200-day simple moving average is $113.27. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12.

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

Qnity Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

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.