Qnity Electronics (NYSE:Q) Hits New 12-Month High – Here’s Why

by · The Cerbat Gem

Qnity Electronics, Inc. (NYSE:QGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $147.01 and last traded at $147.1360, with a volume of 310846 shares changing hands. The stock had previously closed at $141.06.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on Q. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 price objective on shares of Qnity Electronics in a research note on Friday, February 20th. KeyCorp raised their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Mizuho set a $120.00 price target on shares of Qnity Electronics in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Qnity Electronics currently has an average rating of “Moderate Buy” and a consensus target price of $123.29.

Read Our Latest Stock Analysis on Q

Qnity Electronics Price Performance

The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $30.73 billion and a price-to-earnings ratio of 80.13. The company has a 50-day moving average of $122.50.

Qnity Electronics (NYSE:QGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Qnity Electronics’s quarterly revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. Equities analysts predict that Qnity Electronics, Inc. will post 3.78 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.

Hedge Funds Weigh In On Qnity Electronics

A number of hedge funds have recently added to or reduced their stakes in Q. GAMMA Investing LLC acquired a new position in Qnity Electronics in the fourth quarter worth $461,000. Neville Rodie & Shaw Inc. acquired a new position in Qnity Electronics in the fourth quarter worth $526,000. Investors Research Corp acquired a new position in Qnity Electronics in the fourth quarter worth $102,000. Board of the Pension Protection Fund acquired a new position in Qnity Electronics in the fourth quarter worth $73,000. Finally, Canal Capital Management LLC acquired a new position in Qnity Electronics in the fourth quarter worth $331,000.

About Qnity Electronics

(Get Free Report)

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

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