Arvin Capital Management LP purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 115,354 shares of the premier technology solutions leader’s stock, valued at approximately $9,419,000. Qnity Electronics comprises 1.8% of Arvin Capital Management LP’s holdings, making the stock its 19th biggest position.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in Q. Moisand Fitzgerald Tamayo LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $25,000. Dunhill Financial LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics during the fourth quarter valued at about $26,000. Provenance Wealth Advisors LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $27,000. Finally, Motco bought a new position in Qnity Electronics during the fourth quarter valued at about $27,000.
Wall Street Analysts Forecast Growth
Q has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $151.33.
Qnity Electronics Price Performance
NYSE:Q opened at $150.42 on Friday. The company has a 50-day moving average of $144.40 and a 200-day moving average of $114.50. The company has a market capitalization of $31.49 billion and a price-to-earnings ratio of 51.69. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week 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 – Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.32 billion for the quarter. The firm’s quarterly revenue 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 research analysts anticipate that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.
Qnity Electronics Announces Dividend
The company also recently declared 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 currently 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.
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