Pictet Asset Management Holding SA Trims Position in Qnity Electronics, Inc. $Q

Pictet Asset Management Holding SA lowered its position in shares of Qnity Electronics, Inc. (NYSE:Q) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,821 shares of the premier technology solutions leader’s stock after selling 4,301 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Qnity Electronics were worth $10,940,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in Qnity Electronics in the 4th quarter valued at $2,226,626,000. State Street Corp purchased a new position in shares of Qnity Electronics during the 4th quarter worth $728,894,000. Geode Capital Management LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $435,786,000. Invesco Ltd. acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $385,057,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at $287,519,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on Q shares. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price objective 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. Finally, Mizuho increased their price objective on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $152.44.

Qnity Electronics Stock Up 0.1%

Shares of Q opened at $141.82 on Friday. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The company’s fifty day moving average is $153.37 and its two-hundred day moving average is $122.70. The firm has a market cap of $29.69 billion and a PE ratio of 48.74. 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 (NYSE:Q) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. Qnity Electronics’s quarterly revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Qnity Electronics Profile

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