Mengis Capital Management Inc. Takes Position in Qnity Electronics, Inc. $Q

Mengis Capital Management Inc. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,244 shares of the premier technology solutions leader’s stock, valued at approximately $918,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in Qnity Electronics during the 4th quarter valued at about $2,226,626,000. State Street Corp purchased a new stake in Qnity Electronics during the fourth quarter worth about $728,894,000. Geode Capital Management LLC purchased a new stake in Qnity Electronics during the fourth quarter worth about $435,786,000. Invesco Ltd. purchased a new stake in Qnity Electronics during the fourth quarter worth about $385,057,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $287,519,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Mizuho raised their price objective 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. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Royal Bank Of Canada raised their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $169.15 on Friday. The business has a 50-day simple moving average of $148.57 and a 200-day simple moving average of $117.41. 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, Inc. has a one year low of $70.50 and a one year high of $171.52. The company has a market cap of $35.41 billion and a PE ratio of 58.13.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. The business’s 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. On average, equities research analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 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.