Sequoia Financial Advisors LLC Decreases Position in Qnity Electronics, Inc. $Q

Sequoia Financial Advisors LLC lessened its position in Qnity Electronics, Inc. (NYSE:Q) by 26.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,595 shares of the premier technology solutions leader’s stock after selling 4,437 shares during the period. Sequoia Financial Advisors LLC’s holdings in Qnity Electronics were worth $1,453,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in Q. Moisand Fitzgerald Tamayo LLC bought a new position in Qnity Electronics in the 4th quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. purchased a new position in shares of Qnity Electronics in the fourth quarter worth $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics during the fourth quarter valued at $27,000. Finally, Motco bought a new position in shares of Qnity Electronics during the fourth quarter valued at $27,000.

Qnity Electronics Stock Down 3.3%

Q stock opened at $135.55 on Friday. The company has a market cap of $28.38 billion and a price-to-earnings ratio of 46.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The business’s 50-day moving average is $153.11 and its two-hundred day moving average is $126.87. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28.

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, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The firm’s quarterly 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, analysts forecast that Qnity Electronics, Inc. will post 4.16 earnings per share for the current year.

Qnity Electronics Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada lowered their price objective on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Mizuho raised their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Qnity Electronics has a consensus rating of “Buy” and an average price target of $151.78.

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.