William B. Walkup & Associates Inc. Acquires Shares of 3,614 Qnity Electronics, Inc. $Q

William B. Walkup & Associates Inc. acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,614 shares of the premier technology solutions leader’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in Qnity Electronics during the fourth quarter valued at approximately $2,226,626,000. State Street Corp bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $728,894,000. Geode Capital Management LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $435,786,000. Franklin Resources Inc. bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $287,519,000. Finally, Morgan Stanley bought a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $261,729,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. KeyCorp upped their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research note on Wednesday, May 13th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada upped 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. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Stock Up 6.7%

Shares of NYSE:Q opened at $160.75 on Tuesday. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $171.52. The stock has a market cap of $33.65 billion and a P/E ratio of 55.24. The business’s 50 day moving average is $145.28 and its 200 day moving average is $115.37. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

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

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is 11.00%.

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.