Saudi Central Bank Grows Stock Holdings in Qnity Electronics, Inc. $Q

Saudi Central Bank lifted its holdings in Qnity Electronics, Inc. (NYSE:Q) by 89.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 14,661 shares of the premier technology solutions leader’s stock after buying an additional 6,929 shares during the quarter. Saudi Central Bank’s holdings in Qnity Electronics were worth $2,394,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Angeles Wealth Management LLC purchased a new stake in Qnity Electronics during the 2nd quarter worth $236,000. NBH Bank purchased a new position in Qnity Electronics in the second quarter valued at about $34,000. AlphaGrep UK Ltd purchased a new position in Qnity Electronics in the second quarter valued at about $1,521,000. Markowski Investments acquired a new position in shares of Qnity Electronics during the second quarter worth about $33,000. Finally, Highland Investment Advisors LLC acquired a new position in shares of Qnity Electronics during the second quarter worth about $202,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. Weiss Ratings downgraded shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Mizuho boosted their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets raised their price target on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One 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. According to MarketBeat, Qnity Electronics has a consensus rating of “Buy” and a consensus target price of $151.78.

Insider Buying and Selling at Qnity Electronics

In other Qnity Electronics news, Director Bondt De acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the completion of the purchase, the director directly owned 6,647 shares in the company, valued at $918,216.58. The trade was a 17.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.15% of the stock is currently owned by corporate insiders.

Qnity Electronics Stock Performance

Shares of Q opened at $120.53 on Tuesday. The stock has a market capitalization of $25.22 billion and a PE ratio of 43.05. The business’s fifty day moving average price is $134.53 and its 200 day moving average price is $135.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.01 and a quick ratio of 1.50. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $177.28.

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 firm had revenue of $1.43 billion during the quarter. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that Qnity Electronics, Inc. will post 4.52 EPS for the current year.

Qnity Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 0.3%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio is currently 11.43%.

Qnity Electronics Profile

Qnity Electronics, Inc (NYSE: Q) is a global materials and solutions company serving the semiconductor and electronics industries. The company develops specialized materials used in semiconductor manufacturing, advanced packaging, printed circuit boards and other applications that support the production of electronic devices.

Its portfolio includes semiconductor processing materials, electronic materials and solutions designed to improve performance, reliability and manufacturing efficiency.