Lido Advisors LLC Buys 9,863 Shares of Qnity Electronics, Inc. $Q

Lido Advisors LLC increased its stake in shares of Qnity Electronics, Inc. (NYSE:Q) by 368.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,539 shares of the premier technology solutions leader’s stock after acquiring an additional 9,863 shares during the period. Lido Advisors LLC’s holdings in Qnity Electronics were worth $1,447,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Kestra Private Wealth Services LLC acquired a new position in Qnity Electronics during the 4th quarter worth $769,000. Cohen Klingenstein LLC bought a new stake in Qnity Electronics during the fourth quarter valued at about $587,000. Wesbanco Bank Inc. acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at about $1,566,000. Keybank National Association OH acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at about $6,586,000. Finally, Delta Capital Management LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $1,141,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada lowered their target price on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. BMO Capital Markets upped their price target on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, Mizuho increased their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $151.78.

Qnity Electronics Stock Performance

NYSE:Q opened at $132.89 on Tuesday. The firm’s 50-day moving average is $150.19 and its 200-day moving average is $129.43. The company has a market cap of $27.82 billion and a price-to-earnings ratio of 45.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28.

Qnity Electronics (NYSE:Q) last released its earnings results 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 company had revenue of $1.31 billion during the quarter. Qnity Electronics’s revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Equities research analysts anticipate that Qnity Electronics, Inc. will post 4.16 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued 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 dividend payout ratio is 11.00%.

About Qnity Electronics

Qnity Electronics, Inc is a global electronic materials company serving the semiconductor and advanced electronics industries. The company develops and manufactures materials and process solutions used to produce integrated circuits and other increasingly complex electronic devices.

Its portfolio includes semiconductor fabrication materials such as chemical mechanical planarization products, photoresists, dielectric materials, specialty chemicals and cleaning solutions. Qnity also provides materials used in semiconductor packaging, interconnects and other manufacturing processes.