Qnity Electronics (NYSE:Q) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Qnity Electronics (NYSE:Q) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on Q. Wolfe Research initiated coverage on Qnity Electronics in a research report on Monday, November 3rd. They issued an “outperform” rating and a $110.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $126.00 price target on shares of Qnity Electronics in a research note on Friday, February 20th. Mizuho set a $120.00 price objective on shares of Qnity Electronics in a research note on Monday, February 23rd. Royal Bank Of Canada boosted their price objective on shares of Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, New Street Research set a $110.00 target price on shares of Qnity Electronics in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $120.86.

Qnity Electronics Stock Down 6.3%

Shares of NYSE:Q opened at $116.23 on Monday. Qnity Electronics has a fifty-two week low of $70.50 and a fifty-two week high of $140.60. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $99.98. The stock has a market capitalization of $24.37 billion and a P/E ratio of 115.08.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. The firm’s revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Qnity Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Qnity Electronics’s payout ratio is presently 31.68%.

Insider Activity at Qnity Electronics

In related news, VP Michael G. Goss sold 1,895 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $84.79, for a total value of $160,677.05. Following the sale, the vice president owned 13,305 shares of the company’s stock, valued at approximately $1,128,130.95. This represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon D. Kemp sold 5,655 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $85.01, for a total value of $480,731.55. Following the sale, the chief executive officer owned 89,177 shares in the company, valued at approximately $7,580,936.77. This trade represents a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Trading of Qnity Electronics

Several institutional investors and hedge funds have recently made changes to their positions in Q. TIAA Trust National Association purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at $565,000. Focus Partners Advisor Solutions LLC purchased a new position in Qnity Electronics during the fourth quarter worth about $784,000. Capital Analysts LLC acquired a new stake in Qnity Electronics in the 4th quarter worth about $319,000. Deutsche Bank AG purchased a new stake in Qnity Electronics in the 4th quarter valued at about $96,920,000. Finally, Metis Global Partners LLC purchased a new stake in Qnity Electronics in the 4th quarter valued at about $539,000.

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.