State of New Jersey Common Pension Fund D Takes Position in Qnity Electronics, Inc. $Q

State of New Jersey Common Pension Fund D bought a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, HoldingsChannel.com reports. The fund bought 63,920 shares of the premier technology solutions leader’s stock, valued at approximately $5,219,000.

A number of other hedge funds have also made changes to their positions in the business. US Bancorp DE purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $8,434,000. Cardinal Capital Management purchased a new stake in Qnity Electronics during the 4th quarter worth $1,406,000. Bogart Wealth LLC purchased a new stake in Qnity Electronics during the 4th quarter worth $109,000. Brown University purchased a new stake in Qnity Electronics during the 4th quarter worth $732,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in Qnity Electronics during the 4th quarter worth $33,169,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on Q shares. 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 target on shares of Qnity Electronics in a research note on Monday, February 23rd. Royal Bank Of Canada lifted their price target on shares of Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings started coverage on shares of Qnity Electronics in a research note on Thursday, January 22nd. They set a “hold (c-)” rating on the stock. Finally, KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $123.29.

Qnity Electronics Stock Performance

Q opened at $143.41 on Monday. The business has a 50-day moving average of $122.50. The company has a market cap of $30.06 billion and a P/E ratio of 78.37. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $146.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46.

Qnity Electronics (NYSE:Q) last released its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Qnity Electronics’s quarterly 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. As a group, sell-side analysts expect that Qnity Electronics, Inc. will post 3.78 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is presently 17.49%.

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.