Squarepoint Ops LLC Lowers Stock Holdings in Qnity Electronics, Inc. $Q

Squarepoint Ops LLC reduced its position in Qnity Electronics, Inc. (NYSE:Q) by 44.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,687 shares of the premier technology solutions leader’s stock after selling 167,008 shares during the quarter. Squarepoint Ops LLC’s holdings in Qnity Electronics were worth $34,081,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in Qnity Electronics by 19,306.9% during the 2nd quarter. California State Teachers Retirement System now owns 51,320,004 shares of the premier technology solutions leader’s stock worth $8,381,070,000 after acquiring an additional 51,055,562 shares during the period. State Street Corp bought a new position in Qnity Electronics in the 4th quarter valued at $728,894,000. Geode Capital Management LLC bought a new position in Qnity Electronics in the 4th quarter valued at $435,786,000. Invesco Ltd. purchased a new position in shares of Qnity Electronics during the 4th quarter valued at $385,057,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Qnity Electronics by 741.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after purchasing an additional 3,855,617 shares in the last quarter.

Qnity Electronics Price Performance

Shares of NYSE:Q opened at $123.31 on Wednesday. The company’s fifty day moving average price is $133.72 and its 200-day moving average price is $135.96. The firm has a market capitalization of $25.80 billion and a price-to-earnings ratio of 44.04. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.01 and a quick ratio of 1.50.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. The company had revenue of $1.43 billion during the quarter. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts anticipate that Qnity Electronics, Inc. will post 4.52 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada lowered their price objective on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings cut Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Mizuho upped their target price on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Qnity Electronics in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Qnity Electronics presently has a consensus rating of “Buy” and a consensus price target of $151.78.

Insiders Place Their Bets

In other news, Director Bondt De purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $138.14 per share, with a total value of $138,140.00. Following the completion of the purchase, the director directly owned 6,647 shares in the company, valued at approximately $918,216.58. This trade represents a 17.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by insiders.

Qnity Electronics Company Profile

Qnity Electronics, Inc is a materials and technology company serving the semiconductor and broader electronics industries. The company develops specialized materials and process solutions used in semiconductor manufacturing, advanced packaging, interconnects and other electronic applications.

Its offerings include materials designed to support wafer fabrication, lithography, dielectric and metallization processes, chip packaging, printed circuit boards and high-performance electronic components.