Candriam S.C.A. Purchases New Position in Qnity Electronics, Inc. $Q

Candriam S.C.A. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) in the 1st quarter, Holdings Channel reports. The fund acquired 10,671 shares of the premier technology solutions leader’s stock, valued at approximately $1,231,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics in the 4th quarter valued at about $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics during the fourth quarter worth approximately $26,000. Motco acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $27,000. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $27,000.

Qnity Electronics Stock Down 1.0%

Q stock opened at $140.19 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $153.28 and its 200 day moving average price is $126.51. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $177.28. The company has a market cap of $29.35 billion and a P/E ratio of 48.18.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.31 billion during the quarter. Qnity Electronics’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, research analysts expect that Qnity Electronics, Inc. will post 4.15 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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is currently 11.00%.

Analyst Ratings Changes

Several research firms recently commented on Q. Royal Bank Of Canada reduced their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday. Mizuho lifted their price objective on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, BMO Capital Markets boosted their price target on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $151.78.

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.