Qnity Electronics, Inc. (NYSE:Q) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Qnity Electronics, Inc. (NYSE:Q) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $103.6667.

Several research firms have recently weighed in on Q. Royal Bank Of Canada decreased their target price on Qnity Electronics from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Oppenheimer began coverage on shares of Qnity Electronics in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 price target on the stock. New Street Research set a $110.00 price objective on shares of Qnity Electronics in a research report on Monday, November 3rd. Zacks Research upgraded shares of Qnity Electronics to a “hold” rating in a research note on Thursday, November 6th. Finally, Wolfe Research began coverage on shares of Qnity Electronics in a research note on Monday, November 3rd. They set an “outperform” rating and a $110.00 price target for the company.

Insider Transactions at Qnity Electronics

In other news, CEO Jon D. Kemp sold 5,655 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 89,177 shares in the company, valued at approximately $7,580,936.77. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sang Ho Kang sold 2,500 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $74.50, for a total transaction of $186,250.00. Following the completion of the sale, the insider directly owned 15,647 shares of the company’s stock, valued at approximately $1,165,701.50. This trade represents a 13.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,050 shares of company stock valued at $827,659 over the last 90 days.

Qnity Electronics Trading Up 0.5%

Q stock opened at $83.99 on Wednesday. The stock has a market cap of $17.59 billion and a PE ratio of 83.16. Qnity Electronics has a 12 month low of $70.50 and a 12 month high of $105.40. The business’s 50-day moving average price is $83.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.78.

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

Qnity Electronics Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 31.0%. Qnity Electronics’s payout ratio is 31.68%.

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.