Qnity Electronics (NYSE:Q) Price Target Raised to $133.00

Qnity Electronics (NYSE:Q) had its price objective increased by investment analysts at Royal Bank Of Canada from $118.00 to $133.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the premier technology solutions leader’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 13.12% from the stock’s current price.

A number of other equities analysts have also issued reports on Q. Oppenheimer started coverage on Qnity Electronics in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 target price on the stock. Mizuho set a $120.00 price target on shares of Qnity Electronics in a research note on Monday. Wall Street Zen raised shares of Qnity Electronics to a “hold” rating in a report on Friday, November 28th. Zacks Research upgraded shares of Qnity Electronics to a “hold” rating in a research note on Thursday, November 6th. Finally, Wolfe Research assumed coverage on shares of Qnity Electronics in a report on Monday, November 3rd. They set an “outperform” rating and a $110.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.50.

Qnity Electronics Trading Up 0.7%

NYSE:Q traded up $0.78 on Wednesday, reaching $117.57. The stock had a trading volume of 307,244 shares, compared to its average volume of 2,360,259. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $95.75. The company has a market cap of $24.63 billion and a PE ratio of 116.41. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $119.09.

Insiders Place Their Bets

In other news, CEO Jon D. Kemp sold 5,655 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $85.01, for a total value of $480,731.55. Following the sale, the chief executive officer owned 89,177 shares in the company, valued at approximately $7,580,936.77. The trade was a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael G. Goss sold 1,895 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $84.79, for a total transaction of $160,677.05. Following the completion of the sale, the vice president directly owned 13,305 shares in the company, valued at approximately $1,128,130.95. The trade was a 12.47% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Trading of Qnity Electronics

Several hedge funds have recently modified their holdings of the stock. Clarius Group LLC bought a new position in shares of Qnity Electronics in the 4th quarter valued at about $227,000. Diversified Trust Co. acquired a new position in Qnity Electronics in the fourth quarter valued at approximately $257,000. Czech National Bank bought a new position in Qnity Electronics in the fourth quarter valued at approximately $4,509,000. Triangle Securities Wealth Management acquired a new stake in Qnity Electronics during the 4th quarter worth $567,000. Finally, CVA Family Office LLC acquired a new stake in Qnity Electronics during the 4th quarter worth $38,000.

Qnity Electronics Company Profile

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