5,931 Shares in Qnity Electronics, Inc. $Q Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,931 shares of the premier technology solutions leader’s stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of Q. Massachusetts Financial Services Co. MA bought a new stake in Qnity Electronics during the 4th quarter worth approximately $125,587,000. Allspring Global Investments Holdings LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $44,200,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Qnity Electronics during the 4th quarter worth approximately $38,158,000. Aberdeen Group plc bought a new stake in Qnity Electronics during the 4th quarter worth approximately $19,338,000. Finally, SG Americas Securities LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $19,068,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on Q. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $126.00 target price on shares of Qnity Electronics in a report on Friday, February 20th. KeyCorp increased their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Weiss Ratings initiated coverage on shares of Qnity Electronics in a report on Thursday, January 22nd. They issued a “hold (c-)” rating on the stock. Mizuho set a $120.00 price target on shares of Qnity Electronics in a report on Monday, February 23rd. Finally, Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $120.86.

Qnity Electronics Price Performance

Shares of NYSE:Q opened at $139.21 on Thursday. The business has a fifty day moving average of $118.96. The company has a market cap of $29.18 billion and a price-to-earnings ratio of 76.07. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $140.60. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Qnity Electronics’s revenue for the quarter was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. As a group, equities research analysts expect that Qnity Electronics, Inc. will post 3.78 EPS for the current year.

Qnity Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is 17.49%.

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.