Qnity Electronics (NYSE:Q) CEO Jon Kemp Sells 5,655 Shares of Stock

Qnity Electronics, Inc. (NYSE:Q) CEO Jon Kemp sold 5,655 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $85.01, for a total transaction of $480,731.55. Following the completion of the sale, the chief executive officer directly owned 89,177 shares of the company’s stock, valued at $7,580,936.77. This represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Qnity Electronics Stock Performance

Qnity Electronics stock opened at $78.75 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 0.18. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $105.40. The firm has a market cap of $16.50 billion and a PE ratio of 77.97.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion.

Qnity Electronics Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 31.0%. Qnity Electronics’s dividend payout ratio is currently 31.68%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on Q. Deutsche Bank Aktiengesellschaft started coverage on Qnity Electronics in a research note on Monday, November 24th. They issued a “buy” rating and a $92.00 price objective on the stock. Royal Bank Of Canada lowered their price target on Qnity Electronics from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. New Street Research set a $110.00 price target on shares of Qnity Electronics in a research report on Monday, November 3rd. Wolfe Research began coverage on shares of Qnity Electronics in a report on Monday, November 3rd. They set an “outperform” rating and a $110.00 price objective for the company. Finally, Mizuho lowered their target price on shares of Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

Qnity Electronics Company Profile

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