RNC Capital Management LLC Acquires New Holdings in Qnity Electronics, Inc. $Q

RNC Capital Management LLC acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 14,110 shares of the premier technology solutions leader’s stock, valued at approximately $1,152,000.

Several other institutional investors also recently bought and sold shares of Q. GAMMA Investing LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $461,000. Neville Rodie & Shaw Inc. acquired a new position in Qnity Electronics in the 4th quarter valued at about $526,000. Investors Research Corp acquired a new position in Qnity Electronics in the 4th quarter valued at about $102,000. Board of the Pension Protection Fund acquired a new position in Qnity Electronics in the 4th quarter valued at about $73,000. Finally, Canal Capital Management LLC acquired a new position in Qnity Electronics in the 4th quarter valued at about $331,000.

Qnity Electronics Stock Performance

Shares of Q opened at $141.02 on Tuesday. The firm has a 50-day moving average of $122.50. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.54. The stock has a market cap of $29.56 billion and a PE ratio of 77.06. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $146.67.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. The company’s revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. Analysts predict that Qnity Electronics, Inc. will post 3.78 EPS for the current year.

Qnity Electronics Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on Q shares. Royal Bank Of Canada lifted their target price on Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Mizuho set a $120.00 target price on Qnity Electronics in a research report on Monday, February 23rd. Weiss Ratings started coverage on Qnity Electronics in a research report on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a research report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Qnity Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $123.29.

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.