Louisiana State Employees Retirement System Invests $1.24 Million in Qnity Electronics, Inc. $Q

Louisiana State Employees Retirement System purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the first quarter, Holdings Channel.com reports. The fund purchased 10,700 shares of the premier technology solutions leader’s stock, valued at approximately $1,235,000.

Several other institutional investors and hedge funds have also modified their holdings of Q. Moisand Fitzgerald Tamayo LLC bought a new position in Qnity Electronics in the fourth quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in Qnity Electronics during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth about $26,000. Motco bought a new position in shares of Qnity Electronics in the fourth quarter worth about $27,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $27,000.

Qnity Electronics Stock Performance

Shares of Q stock opened at $141.82 on Friday. The business’s 50-day moving average price is $153.37 and its 200-day moving average price is $122.70. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $177.28. The firm has a market capitalization of $29.69 billion and a price-to-earnings ratio of 48.74. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54.

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 for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion for 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. Equities research analysts forecast that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s payout ratio is presently 11.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on Q. Mizuho lifted their price target on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research report 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. Finally, Royal Bank Of Canada upped their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $152.44.

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.