First National Trust Co acquired a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 3,354 shares of the premier technology solutions leader’s stock, valued at approximately $274,000.
Several other institutional investors have also recently made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $25,000. Dunhill Financial LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth about $26,000. Motco bought a new position in shares of Qnity Electronics in the fourth quarter worth about $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics during the 4th quarter valued at approximately $27,000.
Qnity Electronics Stock Performance
NYSE:Q opened at $156.88 on Tuesday. The firm has a market capitalization of $32.84 billion and a PE ratio of 53.91. The stock’s fifty day moving average is $133.61 and its 200 day moving average is $108.29. 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 debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12.
Qnity Electronics Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s payout ratio is 11.00%.
Analysts Set New Price Targets
Q has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada lifted their target price on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.33.
Read Our Latest Research Report on Qnity Electronics
Qnity Electronics Profile
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
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