Modera Wealth Management LLC purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,483 shares of the premier technology solutions leader’s stock, valued at approximately $938,000.
Other large investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in Qnity Electronics during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics during the fourth quarter worth about $26,000. Stephens Consulting LLC purchased a new position in Qnity Electronics during the fourth quarter worth about $30,000. Sound Income Strategies LLC purchased a new position in Qnity Electronics during the fourth quarter worth about $32,000. Finally, Piscataqua Savings Bank acquired a new position in Qnity Electronics during the fourth quarter worth about $36,000.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. KeyCorp upped their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Mizuho set a $120.00 target price on shares of Qnity Electronics in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 target price on shares of Qnity Electronics in a research report on Friday, February 20th. Finally, Oppenheimer assumed coverage on shares of Qnity Electronics in a research report on Tuesday, December 16th. They set an “outperform” rating and a $100.00 target price on the stock. One investment 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, Qnity Electronics presently has an average rating of “Buy” and an average target price of $120.86.
Qnity Electronics Price Performance
Q stock opened at $129.25 on Thursday. The firm has a 50 day simple moving average of $112.41. The firm has a market capitalization of $27.10 billion and a price-to-earnings ratio of 70.63. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $140.60. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54.
Qnity Electronics (NYSE:Q – Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, beating the consensus estimate of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. The company’s revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.
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.
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