Zacks Research Upgrades Qnity Electronics (NYSE:Q) to “Strong-Buy”

Qnity Electronics (NYSE:Q) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Q has been the subject of a number of other research reports. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Finally, Mizuho increased their price target on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $152.44.

Qnity Electronics Stock Down 6.1%

Q opened at $153.31 on Tuesday. The stock has a fifty day moving average of $153.18 and a 200-day moving average of $122.13. The company has a market capitalization of $32.09 billion and a P/E ratio of 52.68. Qnity Electronics has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. 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 (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion during the quarter. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, equities analysts expect that Qnity Electronics will post 4.08 EPS for the current year.

Hedge Funds Weigh In On Qnity Electronics

Several hedge funds and other institutional investors have recently made changes to their positions in Q. Vanguard Group Inc. bought a new stake in shares of Qnity Electronics during the 4th quarter worth approximately $2,226,626,000. State Street Corp bought a new position in Qnity Electronics in the fourth quarter valued at approximately $728,894,000. Geode Capital Management LLC acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $435,786,000. Invesco Ltd. acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $385,057,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Qnity Electronics by 741.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock worth $518,787,000 after purchasing an additional 3,855,617 shares during the last quarter.

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.