Keynote Financial Services LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,931 shares of the premier technology solutions leader’s stock, valued at approximately $321,000.
A number of other large investors have also made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $26,000. Motco purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $27,000. Finally, Provenance Wealth Advisors LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $27,000.
Qnity Electronics Stock Up 0.9%
NYSE:Q opened at $150.42 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $144.40 and its two-hundred day moving average is $114.50. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $171.52. The stock has a market capitalization of $31.49 billion and a price-to-earnings ratio of 51.69.
Qnity Electronics Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is 11.00%.
Analyst Upgrades and Downgrades
Q has been the subject of a number of analyst reports. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research report on Wednesday, May 13th. Mizuho upped their price target on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. KeyCorp upped their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.33.
Get Our Latest Analysis on Qnity Electronics
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.
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