Kwmg LLC Reduces Stock Position in Qnity Electronics, Inc. $Q

Kwmg LLC decreased its stake in shares of Qnity Electronics, Inc. (NYSE:Q) by 23.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,594 shares of the premier technology solutions leader’s stock after selling 3,917 shares during the period. Kwmg LLC’s holdings in Qnity Electronics were worth $2,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in Qnity Electronics during the 4th quarter valued at $2,226,626,000. State Street Corp purchased a new position in shares of Qnity Electronics in the 4th quarter worth $728,894,000. Geode Capital Management LLC purchased a new position in shares of Qnity Electronics in the 4th quarter worth $435,786,000. Invesco Ltd. bought a new stake in shares of Qnity Electronics in the fourth quarter worth $385,057,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Qnity Electronics by 741.3% in 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 acquiring an additional 3,855,617 shares during the period.

Wall Street Analyst Weigh In

Q has been the topic of a number of recent research reports. Mizuho increased their target price on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. BMO Capital Markets boosted their price target on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Qnity Electronics in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Qnity Electronics presently has an average rating of “Buy” and an average target price of $151.78.

Qnity Electronics Price Performance

Shares of Qnity Electronics stock opened at $137.78 on Friday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28. The stock’s fifty day moving average is $146.05 and its 200 day moving average is $131.77. The stock has a market cap of $28.83 billion and a P/E ratio of 49.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.57 and a current ratio of 2.01.

Qnity Electronics (NYSE:Q) last released its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.12. The company had revenue of $1.43 billion for the quarter. Qnity Electronics had a return on equity of 10.83% and a net margin of 11.25%.Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts anticipate that Qnity Electronics, Inc. will post 4.62 earnings per share for the current year.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s payout ratio is presently 11.43%.

About Qnity Electronics

Qnity Electronics, Inc is a materials and solutions provider serving the semiconductor and advanced electronics industries. The company develops materials used in semiconductor manufacturing, including products for wafer processing, lithography, interconnects, dielectric and metallization applications, chemical mechanical planarization, cleaning, and advanced packaging.

Its products are designed to support the production of integrated circuits, memory devices, advanced semiconductor packages, and other electronic components.