Syon Capital LLC Takes Position in Qnity Electronics, Inc. $Q

Syon Capital LLC acquired a new position in Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,950 shares of the premier technology solutions leader’s stock, valued at approximately $567,000.

Other hedge funds have also bought and sold shares of the company. ING Groep NV bought a new stake in shares of Qnity Electronics in the fourth quarter worth approximately $1,230,000. Vestcor Inc bought a new stake in shares of Qnity Electronics in the fourth quarter worth $335,000. Lowe Brockenbrough & Co. Inc. bought a new position in Qnity Electronics in the fourth quarter valued at about $630,000. MCF Advisors LLC bought a new position in Qnity Electronics in the fourth quarter valued at about $196,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Qnity Electronics in the fourth quarter worth about $788,000.

Qnity Electronics Stock Down 3.5%

Shares of Q stock opened at $139.65 on Thursday. The company’s fifty day simple moving average is $143.08 and its two-hundred day simple moving average is $113.72. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $171.52. The stock has a market cap of $29.23 billion and a P/E ratio of 47.99. 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 (NYSE:Q) last issued its 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 during the quarter. The company’s revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. KeyCorp lifted their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Mizuho boosted their price objective on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada raised their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Qnity Electronics currently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

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.