Louisiana State Employees Retirement System Purchases Shares of 10,700 Qnity Electronics, Inc. $Q

Louisiana State Employees Retirement System purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,700 shares of the premier technology solutions leader’s stock, valued at approximately $1,235,000.

Other institutional investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC bought a new position in Qnity Electronics during the fourth quarter worth about $769,000. Cohen Klingenstein LLC bought a new stake in Qnity Electronics in the 4th quarter valued at about $587,000. Wesbanco Bank Inc. bought a new stake in Qnity Electronics in the 4th quarter valued at about $1,566,000. KBC Group NV acquired a new position in shares of Qnity Electronics during the 4th quarter worth approximately $12,189,000. Finally, Keybank National Association OH acquired a new position in shares of Qnity Electronics during the 4th quarter worth approximately $6,586,000.

Qnity Electronics Trading Up 0.1%

Shares of Qnity Electronics stock opened at $141.82 on Friday. 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, Inc. has a 12-month low of $70.50 and a 12-month high of $177.28. The company has a market capitalization of $29.69 billion and a price-to-earnings ratio of 48.74. The firm’s 50-day moving average price is $153.37 and its two-hundred day moving average price is $122.70.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. The firm’s 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. On average, analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio (DPR) is 11.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Royal Bank Of Canada raised their price objective on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. 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’s stock. According to data from MarketBeat.com, Qnity Electronics has a consensus rating of “Buy” and a consensus target price of $152.44.

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.