Potomac Fund Management Inc. ADV Buys Shares of 11,822 Qnity Electronics, Inc. $Q

Potomac Fund Management Inc. ADV bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 11,822 shares of the premier technology solutions leader’s stock, valued at approximately $965,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC purchased a new position in Qnity Electronics during the 4th quarter valued at about $769,000. Cohen Klingenstein LLC purchased a new position in Qnity Electronics during the 4th quarter valued at about $587,000. KBC Group NV purchased a new position in Qnity Electronics during the 4th quarter valued at about $12,189,000. Wesbanco Bank Inc. purchased a new position in Qnity Electronics during the 4th quarter valued at about $1,566,000. Finally, Keybank National Association OH acquired a new stake in shares of Qnity Electronics during the 4th quarter worth about $6,586,000.

Analyst Upgrades and Downgrades

Q has been the topic of several analyst reports. Mizuho raised their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Finally, Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. 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, Qnity Electronics presently has an average rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Price Performance

Q opened at $150.42 on Monday. The company’s 50 day simple moving average is $144.40 and its 200 day simple moving average is $114.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The stock has a market capitalization of $31.49 billion and a PE ratio of 51.69.

Qnity Electronics (NYSE:Q) last released 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 company had revenue of $1.32 billion during the quarter. The business’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. As a group, sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

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

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.