1ST Source Bank Purchases Shares of 8,549 Qnity Electronics, Inc. $Q

1ST Source Bank purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the first quarter, HoldingsChannel.com reports. The firm purchased 8,549 shares of the premier technology solutions leader’s stock, valued at approximately $986,000.

Other large investors also recently made changes to their positions in the company. Checchi Capital Advisers LLC purchased a new stake in Qnity Electronics during the 1st quarter worth $260,000. Nwam LLC acquired a new stake in Qnity Electronics during the first quarter valued at approximately $224,000. Flynn Zito Capital Management LLC raised its position in shares of Qnity Electronics by 10.0% during the 1st quarter. Flynn Zito Capital Management LLC now owns 2,737 shares of the premier technology solutions leader’s stock valued at $316,000 after acquiring an additional 248 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of Qnity Electronics by 3.7% in the 1st quarter. Calamos Advisors LLC now owns 75,811 shares of the premier technology solutions leader’s stock worth $8,747,000 after buying an additional 2,702 shares during the last quarter. Finally, AMG National Trust Bank lifted its holdings in Qnity Electronics by 3.4% in the first quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock worth $298,000 after acquiring an additional 84 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on Q. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. BMO Capital Markets lifted their price objective on shares of Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Mizuho upped their target price on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Qnity Electronics presently has an average rating of “Buy” and an average target price of $151.78.

Qnity Electronics Price Performance

Shares of Q opened at $140.19 on Thursday. 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, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The firm’s 50 day moving average price is $153.28 and its 200 day moving average price is $126.51. The firm has a market cap of $29.35 billion and a PE ratio of 48.18.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion for 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. As a group, research analysts expect that Qnity Electronics, Inc. will post 4.15 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 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.