Mirae Asset Global Investments Co. Ltd. Makes New Investment in Qnity Electronics, Inc. $Q

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) during the third quarter, Holdings Channel reports. The institutional investor purchased 376,030 shares of the premier technology solutions leader’s stock, valued at approximately $47,282,000.

Several other hedge funds and other institutional investors have also bought and sold shares of Q. Allspring Global Investments Holdings LLC boosted its position in shares of 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 in the last quarter. Bank of America Corp DE increased its position in shares of Qnity Electronics by 3.8% in the 1st quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader’s stock valued at $233,447,000 after buying an additional 73,662 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Qnity Electronics by 3.0% in the 1st 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 buying an additional 48,629 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Qnity Electronics by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,334,852 shares of the premier technology solutions leader’s stock worth $154,015,000 after buying an additional 37,842 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Qnity Electronics by 182.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,168,746 shares of the premier technology solutions leader’s stock worth $134,850,000 after buying an additional 754,810 shares during the period.

Wall Street Analysts Forecast Growth

Q has been the subject of a number of research analyst reports. Weiss Ratings cut Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Truist Financial assumed coverage on Qnity Electronics in a research report on Wednesday, October 14th. They set a “buy” rating and a $170.00 price target on the stock. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Royal Bank Of Canada cut their price objective on Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Mizuho decreased their price objective on Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Qnity Electronics currently has a consensus rating of “Moderate Buy” and an average target price of $154.36.

Qnity Electronics Trading Down 0.1%

Shares of NYSE:Q opened at $116.52 on Monday. Qnity Electronics, Inc. has a 12-month low of $72.81 and a 12-month high of $177.28. The stock has a market cap of $24.38 billion and a PE ratio of 41.61. The business has a 50 day moving average of $122.13 and a 200-day moving average of $128.79. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.12. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%. The business had revenue of $1.43 billion during the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts forecast that Qnity Electronics, Inc. will post 4.49 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Qnity Electronics’s payout ratio is 11.43%.

Insider Activity at Qnity Electronics

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

About Qnity Electronics

Qnity Electronics, Inc is a global materials and solutions company serving the semiconductor and advanced electronics industries. The company develops and supplies materials used throughout the manufacturing process for integrated circuits, including wafer fabrication, lithography, cleaning, chemical mechanical planarization and advanced packaging.

Its product portfolio includes semiconductor-grade materials such as photoresists, dielectric materials, CMP pads and slurries, cleaners, removers and other process-enabling technologies.