Walleye Capital LLC Increases Stake in Qnity Electronics, Inc. $Q

Walleye Capital LLC raised its stake in Qnity Electronics, Inc. (NYSE:Q) by 213.5% in the first quarter, HoldingsChannel reports. The fund owned 216,147 shares of the premier technology solutions leader’s stock after purchasing an additional 147,205 shares during the period. Walleye Capital LLC’s holdings in Qnity Electronics were worth $24,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of Q. Vanguard Group Inc. acquired a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $2,226,626,000. State Street Corp acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $728,894,000. Geode Capital Management LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $435,786,000. Invesco Ltd. purchased a new stake in Qnity Electronics during the fourth quarter worth $385,057,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Qnity Electronics by 741.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock worth $518,787,000 after buying an additional 3,855,617 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada dropped their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. BMO Capital Markets increased their target price on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Finally, Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $151.78.

Qnity Electronics Stock Performance

Q opened at $138.91 on Thursday. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The company has a market cap of $29.08 billion and a price-to-earnings ratio of 47.73. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28. The firm’s fifty day simple moving average is $151.46 and its two-hundred day simple moving average is $128.41.

Qnity Electronics (NYSE:Q) last announced its earnings results 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 $1.31 billion during 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. Equities analysts anticipate that Qnity Electronics, Inc. will post 4.16 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently disclosed 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. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, August 31st. Qnity Electronics’s payout ratio 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.