Tidal Investments LLC grew its stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) by 153.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,587 shares of the premier technology solutions leader’s stock after buying an additional 31,246 shares during the period. Tidal Investments LLC’s holdings in Qnity Electronics were worth $8,425,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its position in shares of Qnity Electronics by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock valued at $2,770,000 after acquiring an additional 77 shares during the period. AMG National Trust Bank boosted its stake in Qnity Electronics by 3.4% during the 1st quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock worth $298,000 after acquiring an additional 84 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after purchasing an additional 89 shares during the period. Butensky & Cohen Financial Security Inc. grew its holdings in Qnity Electronics by 0.3% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 34,132 shares of the premier technology solutions leader’s stock valued at $5,574,000 after purchasing an additional 105 shares during the period. Finally, Syon Capital LLC increased its stake in Qnity Electronics by 2.0% in the second quarter. Syon Capital LLC now owns 5,811 shares of the premier technology solutions leader’s stock valued at $949,000 after purchasing an additional 116 shares in the last quarter.
Qnity Electronics Stock Performance
Shares of Q opened at $126.40 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.01. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The firm’s 50 day moving average price is $132.49 and its two-hundred day moving average price is $136.06. The firm has a market cap of $26.44 billion and a P/E ratio of 45.14.
Qnity Electronics Announces Dividend
The business 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 dividend on an annualized basis and a yield of 0.3%. Qnity Electronics’s dividend payout ratio is presently 11.43%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Royal Bank Of Canada cut their target price on shares of 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 upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Mizuho raised their price objective on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. BMO Capital Markets lifted their target price on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, Weiss Ratings raised Qnity Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $151.78.
Get Our Latest Stock Report on Qnity Electronics
Insider Transactions at Qnity Electronics
In other news, Director Bondt De bought 1,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the acquisition, the director owned 6,647 shares in the company, valued at approximately $918,216.58. This trade represents a 17.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.
Qnity Electronics Company Profile
Qnity Electronics, Inc is a global materials and solutions provider serving the semiconductor and broader electronics industries. The company develops specialized materials and technologies used in the manufacture, packaging and performance of advanced electronic devices.
Its offerings include semiconductor fabrication materials, electronic and interconnect materials, advanced packaging solutions, and other products designed to support chip production and high-performance electronics. These products are used across applications such as computing, communications, automotive electronics and other technology markets.
Qnity was formed from DuPont’s former Electronics business as part of DuPont’s separation of the unit.
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