Pacer Advisors Inc. Trims Stock Holdings in Qnity Electronics, Inc. $Q

Pacer Advisors Inc. reduced its holdings in shares of Qnity Electronics, Inc. (NYSE:Q) by 98.5% in the first quarter, Holdings Channel.com reports. The fund owned 11,739 shares of the premier technology solutions leader’s stock after selling 781,519 shares during the quarter. Pacer Advisors Inc.’s holdings in Qnity Electronics were worth $1,354,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $769,000. Keybank National Association OH purchased a new position in Qnity Electronics during the 4th quarter worth $6,586,000. Wesbanco Bank Inc. bought a new stake in Qnity Electronics during the 4th quarter valued at $1,566,000. KBC Group NV bought a new stake in Qnity Electronics during the 4th quarter valued at $12,189,000. Finally, Swedbank AB bought a new position in shares of Qnity Electronics during the 4th quarter worth $3,940,000.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $137.78 on Friday. The company has a market capitalization of $28.83 billion and a PE ratio of 49.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.57 and a current ratio of 2.01. The company has a 50-day simple moving average of $146.05 and a two-hundred day simple moving average of $131.77. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. The firm had revenue of $1.43 billion for the quarter. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts expect that Qnity Electronics, Inc. will post 4.52 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is presently 11.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on Q shares. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Qnity Electronics in a research report on Wednesday. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Mizuho increased their price objective on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, BMO Capital Markets lifted their price objective on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $151.78.

About Qnity Electronics

Qnity Electronics, Inc (NYSE: Q) is a global electronic materials company focused on supplying materials and solutions used in semiconductor and advanced electronics manufacturing. The company serves customers across the semiconductor fabrication, advanced packaging, printed circuit board and display markets.

Its portfolio includes materials used in semiconductor processing and lithography, chemical-mechanical planarization, chip packaging and interconnect applications. Qnity’s products are designed to support the manufacture of increasingly complex integrated circuits and electronic components, helping customers improve performance, reliability and production efficiency.

Qnity Electronics was established through the separation of DuPont’s Electronics business and operates as an independent company.