Qnity Electronics, Inc. $Q Shares Bought by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. grew its holdings in shares of Qnity Electronics, Inc. (NYSE:Q) by 16.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,943 shares of the premier technology solutions leader’s stock after buying an additional 13,844 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Qnity Electronics were worth $11,416,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on Q. Royal Bank Of Canada upped their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Mizuho boosted their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Qnity Electronics presently has a consensus rating of “Buy” and a consensus price target of $152.44.

Qnity Electronics Price Performance

Shares of NYSE:Q opened at $141.82 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The firm has a 50-day simple moving average of $153.37 and a 200 day simple moving average of $122.70. The company has a market cap of $29.69 billion and a PE ratio of 48.74.

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 for the quarter, topping the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. The company’s revenue for the quarter 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, sell-side analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is 11.00%.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.