Qnity Electronics (NYSE:Q) Stock Rating Upgraded by Barclays

Qnity Electronics (NYSE:Q) was upgraded by analysts at Barclays to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Q has been the topic of several other research reports. Royal Bank Of Canada dropped their target price on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Qnity Electronics in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Mizuho reduced their price target on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. Finally, Truist Financial began coverage on shares of Qnity Electronics in a research note on Wednesday. They issued a “buy” rating and a $170.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Qnity Electronics Price Performance

Qnity Electronics stock opened at $121.39 on Monday. The company’s fifty day moving average price is $126.51 and its 200 day moving average price is $137.61. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $177.28. The stock has a market capitalization of $25.40 billion and a P/E ratio of 43.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.01.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 EPS for the quarter, topping the consensus estimate of $1.07 by $0.12. The company had revenue of $1.43 billion during 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. As a group, equities research analysts anticipate that Qnity Electronics will post 4.52 earnings per share for the current fiscal year.

Insider Activity at Qnity Electronics

In other news, Director Bondt De purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the transaction, the director owned 6,647 shares of the company’s stock, valued at $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Qnity Electronics by 741.3% in the 1st 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 in the last quarter. Bank of America Corp DE boosted its holdings in shares of Qnity Electronics by 3.8% during the 1st quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader’s stock worth $233,447,000 after purchasing an additional 73,662 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Qnity Electronics by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,661,636 shares of the premier technology solutions leader’s stock valued at $191,569,000 after purchasing an additional 48,629 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Qnity Electronics by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 1,334,852 shares of the premier technology solutions leader’s stock valued at $154,015,000 after purchasing an additional 37,842 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Qnity Electronics by 182.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,168,746 shares of the premier technology solutions leader’s stock valued at $134,850,000 after purchasing an additional 754,810 shares in the last quarter.

About Qnity Electronics

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity’s product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.