Meridian Wealth Management LLC Makes New $326,000 Investment in Qnity Electronics, Inc. $Q

Meridian Wealth Management LLC acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,991 shares of the premier technology solutions leader’s stock, valued at approximately $326,000.

Several other hedge funds also recently modified their holdings of the business. HighPoint Advisor Group LLC bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $2,399,000. Versor Investments LP bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $3,424,000. Tsfg LLC bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $56,000. Gratus Wealth Advisors LLC bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $375,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $278,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on Q shares. KeyCorp raised their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Price Performance

Qnity Electronics stock opened at $156.91 on Friday. The business’s 50 day moving average price is $128.88. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The company has a market cap of $32.85 billion and a price-to-earnings ratio of 85.74. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.

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.