Bell & Brown Wealth Advisors LLC acquired a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 20,257 shares of the premier technology solutions leader’s stock, valued at approximately $1,654,000.
Several other large investors have also modified their holdings of the company. State of New Jersey Common Pension Fund D acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $5,219,000. US Bancorp DE acquired a new stake in Qnity Electronics during the 4th quarter worth $8,434,000. Cardinal Capital Management acquired a new stake in Qnity Electronics during the 4th quarter worth $1,406,000. Bogart Wealth LLC purchased a new position in Qnity Electronics during the 4th quarter worth $109,000. Finally, Brown University purchased a new position in Qnity Electronics during the 4th quarter worth $732,000.
Qnity Electronics Stock Performance
Shares of Qnity Electronics stock opened at $141.30 on Thursday. The stock has a market cap of $29.61 billion and a P/E ratio of 77.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $146.67. The stock’s fifty day moving average price is $121.94.
Qnity Electronics Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Weiss Ratings started coverage on shares of Qnity Electronics in a report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. Mizuho set a $120.00 price target on Qnity Electronics in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $126.00 price target on shares of Qnity Electronics in a research report on Friday, February 20th. Royal Bank Of Canada upped their price objective on Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.29.
Check Out Our Latest Analysis on Qnity Electronics
Qnity Electronics Profile
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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