Zacks Research Downgrades Qnity Electronics (NYSE:Q) to Hold

Qnity Electronics (NYSE:Q) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Q has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Qnity Electronics in a research note on Wednesday, August 5th. BMO Capital Markets upped their price objective on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Mizuho dropped their target price on Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Weiss Ratings downgraded Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. Finally, Royal Bank Of Canada lowered their price objective on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Qnity Electronics currently has an average rating of “Moderate Buy” and an average price target of $149.56.

Qnity Electronics Price Performance

NYSE Q opened at $133.62 on Monday. Qnity Electronics has a one year low of $70.50 and a one year high of $177.28. The stock has a 50-day moving average of $127.43 and a 200 day moving average of $137.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.01. The company has a market capitalization of $27.95 billion and a price-to-earnings ratio of 47.72.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.12. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. The business had revenue of $1.43 billion for the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts forecast that Qnity Electronics will post 4.52 EPS for the current year.

Insider Activity at Qnity Electronics

In related news, Director Bondt De acquired 1,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $138.14 per share, with a total value of $138,140.00. Following the transaction, the director directly owned 6,647 shares in the company, valued at approximately $918,216.58. This represents a 17.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Qnity Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in Qnity Electronics by 25.2% in the 1st quarter. Cetera Investment Advisers now owns 59,846 shares of the premier technology solutions leader’s stock valued at $6,905,000 after acquiring an additional 12,041 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Qnity Electronics in the second quarter worth about $52,121,000. Assenagon Asset Management S.A. purchased a new stake in shares of Qnity Electronics in the second quarter worth about $23,748,000. Delta Global Management LP bought a new position in Qnity Electronics during the first quarter valued at approximately $1,376,000. Finally, E20 Capital Ltd bought a new position in Qnity Electronics during the first quarter valued at approximately $5,338,000.

About Qnity Electronics

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity’s product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.