Kennedy Capital Management LLC Makes New Investment in Qnity Electronics, Inc. $Q

Kennedy Capital Management LLC bought a new position in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, Holdings Channel.com reports. The fund bought 75,395 shares of the premier technology solutions leader’s stock, valued at approximately $6,156,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Qnity Electronics in the fourth quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics during the fourth quarter valued at about $26,000. Motco bought a new position in Qnity Electronics during the fourth quarter valued at about $27,000. Finally, Provenance Wealth Advisors LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $27,000.

Qnity Electronics Trading Up 6.7%

Shares of Q stock opened at $160.75 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The stock has a market capitalization of $33.65 billion and a P/E ratio of 55.24. The stock has a 50-day simple moving average of $145.28 and a 200 day simple moving average of $115.37.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. Qnity Electronics’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.08 dividend. The ex-dividend date was 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 11.00%.

Analyst Ratings Changes

Q has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research note on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. KeyCorp raised their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.33.

About Qnity Electronics

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