54,847 Shares in Qnity Electronics, Inc. $Q Acquired by State of Michigan Retirement System

State of Michigan Retirement System bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 54,847 shares of the premier technology solutions leader’s stock, valued at approximately $4,478,000.

Several other hedge funds and other institutional investors have also modified their holdings of Q. GAMMA Investing LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $461,000. Neville Rodie & Shaw Inc. bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $526,000. Investors Research Corp bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $102,000. Board of the Pension Protection Fund bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $73,000. Finally, Canal Capital Management LLC bought a new position in shares of Qnity Electronics during the 4th quarter worth approximately $331,000.

Qnity Electronics Price Performance

Q stock opened at $141.30 on Thursday. The company’s fifty day simple moving average is $121.94. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $146.67. The firm has a market cap of $29.61 billion and a PE ratio of 77.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. On average, equities analysts expect that Qnity Electronics, Inc. will post 3.78 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on Q shares. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings started coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Mizuho set a $120.00 target price on Qnity Electronics in a research report on Monday, February 23rd. Royal Bank Of Canada raised their price target on Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, KeyCorp raised their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

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.