Commonwealth Equity Services LLC Purchases Shares of 68,424 Qnity Electronics, Inc. $Q

Commonwealth Equity Services LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 68,424 shares of the premier technology solutions leader’s stock, valued at approximately $5,587,000.

A number of other hedge funds also recently made changes to their positions in Q. Vanguard Group Inc. acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $2,226,626,000. Geode Capital Management LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $435,786,000. Franklin Resources Inc. purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $287,519,000. Nuveen LLC purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $194,980,000. Finally, Norges Bank purchased a new position in shares of Qnity Electronics in the 4th quarter valued at $187,700,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on Q shares. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Mizuho raised their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Qnity Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Stock Performance

Qnity Electronics stock opened at $142.31 on Friday. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $171.52. The company has a market capitalization of $29.79 billion and a price-to-earnings ratio of 48.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The firm’s fifty day moving average price is $141.14 and its 200 day moving average price is $112.13.

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 (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The company’s quarterly revenue 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, research analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is 11.00%.

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.