HB Wealth Management LLC Invests $914,000 in Qnity Electronics, Inc. $Q

HB Wealth Management LLC acquired a new position in Qnity Electronics, Inc. (NYSE:Q) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 7,920 shares of the premier technology solutions leader’s stock, valued at approximately $914,000.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in Qnity Electronics during the 4th quarter worth $2,226,626,000. State Street Corp acquired a new position in shares of Qnity Electronics during the fourth quarter valued at $728,894,000. Geode Capital Management LLC acquired a new position in shares of Qnity Electronics during the fourth quarter valued at $435,786,000. Invesco Ltd. bought a new stake in shares of Qnity Electronics during the fourth quarter valued at about $385,057,000. Finally, Franklin Resources Inc. bought a new stake in shares of Qnity Electronics during the fourth quarter valued at about $287,519,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on Q. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada boosted their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. One research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $153.00.

Qnity Electronics Price Performance

NYSE:Q opened at $142.25 on Thursday. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $153.39 and its 200 day moving average price is $124.41. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28. The firm has a market cap of $29.78 billion and a P/E ratio of 48.88.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. Qnity Electronics’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, sell-side analysts predict that Qnity Electronics, Inc. will post 4.21 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm 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 dividend of $0.08 per share. 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 dividend payout ratio is currently 11.00%.

Qnity Electronics Profile

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