Teacher Retirement System of Texas Purchases New Position in Qnity Electronics, Inc. $Q

Teacher Retirement System of Texas purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 312,925 shares of the premier technology solutions leader’s stock, valued at approximately $25,550,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in Q. Moisand Fitzgerald Tamayo LLC bought a new position in Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics during the fourth quarter valued at approximately $26,000. Provenance Wealth Advisors LLC bought a new position in Qnity Electronics during the fourth quarter valued at approximately $27,000. Stephens Consulting LLC bought a new position in Qnity Electronics during the fourth quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC bought a new position in Qnity Electronics during the fourth quarter valued at approximately $32,000.

Qnity Electronics Stock Up 0.7%

NYSE Q opened at $140.25 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The stock’s fifty day moving average price is $119.60. The stock has a market capitalization of $29.39 billion and a price-to-earnings ratio of 76.64. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $146.00.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping the consensus estimate of $0.64 by $0.18. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. Equities research analysts anticipate that Qnity Electronics, Inc. will post 3.78 EPS for the current year.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is presently 17.49%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on Q. Mizuho set a $120.00 price target on Qnity Electronics in a research note on Monday, February 23rd. Royal Bank Of Canada increased their price target on Qnity Electronics from $118.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Weiss Ratings assumed coverage on Qnity Electronics in a report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 price target on shares of Qnity Electronics in a report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $120.86.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.