Meridian Investment Counsel Inc. Grows Position in Qnity Electronics, Inc. $Q

Meridian Investment Counsel Inc. raised its holdings in Qnity Electronics, Inc. (NYSE:Q) by 43.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,251 shares of the premier technology solutions leader’s stock after acquiring an additional 9,134 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Qnity Electronics were worth $3,490,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in Q. Stephens Inc. AR grew its stake in shares of Qnity Electronics by 11.9% during the 1st quarter. Stephens Inc. AR now owns 7,759 shares of the premier technology solutions leader’s stock worth $930,000 after purchasing an additional 828 shares during the period. Steigerwald Gordon & Koch Inc. boosted its holdings in Qnity Electronics by 16.3% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 98,943 shares of the premier technology solutions leader’s stock worth $11,416,000 after buying an additional 13,844 shares in the last quarter. Howe & Rusling Inc. acquired a new position in Qnity Electronics during the first quarter worth about $717,000. Praxis Investment Management Inc. grew its position in Qnity Electronics by 90.2% during the first quarter. Praxis Investment Management Inc. now owns 6,777 shares of the premier technology solutions leader’s stock worth $782,000 after buying an additional 3,213 shares during the period. Finally, Cherokee Insurance Co purchased a new position in Qnity Electronics in the first quarter valued at about $226,000.

Analysts Set New Price Targets

Several brokerages have recently commented on Q. Royal Bank Of Canada boosted their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Qnity Electronics currently has an average rating of “Buy” and an average target price of $152.44.

Qnity Electronics Price Performance

Shares of NYSE:Q opened at $141.82 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The business’s fifty day moving average price is $153.37 and its two-hundred day moving average price is $123.03. The stock has a market cap of $29.69 billion and a PE ratio of 48.74. 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, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.31 billion during the quarter. The company’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. On average, analysts forecast that Qnity Electronics, Inc. will post 4.08 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 of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is presently 11.00%.

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.