Congress Asset Management Co. Raises Holdings in Qnity Electronics, Inc. $Q

Congress Asset Management Co. grew its stake in shares of Qnity Electronics, Inc. (NYSE:Q) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 352,795 shares of the premier technology solutions leader’s stock after purchasing an additional 7,479 shares during the quarter. Congress Asset Management Co. owned approximately 0.17% of Qnity Electronics worth $44,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in 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 worth $518,787,000 after buying an additional 3,855,617 shares during the last quarter. Franklin Resources Inc. bought a new stake in Qnity Electronics in the fourth quarter valued at $287,519,000. Bank of America Corp DE lifted its stake in Qnity Electronics by 3.8% in the first quarter. Bank of America Corp DE now owns 2,023,288 shares of the premier technology solutions leader’s stock valued at $233,447,000 after buying an additional 73,662 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Qnity Electronics by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,661,636 shares of the premier technology solutions leader’s stock valued at $191,569,000 after acquiring an additional 48,629 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Qnity Electronics by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 1,334,852 shares of the premier technology solutions leader’s stock valued at $154,015,000 after acquiring an additional 37,842 shares during the period.

Insider Activity at Qnity Electronics

In related news, Director Bondt De purchased 1,000 shares of Qnity Electronics stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $138.14 per share, with a total value of $138,140.00. Following the purchase, the director owned 6,647 shares in the company, valued at approximately $918,216.58. The trade was a 17.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on Q. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Qnity Electronics in a report on Wednesday, August 5th. Mizuho reduced their target price on shares of Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. Finally, BMO Capital Markets lifted their price target on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $149.56.

Qnity Electronics Stock Performance

Shares of Q traded up $2.09 during trading hours on Tuesday, reaching $133.62. 1,326,165 shares of the company’s stock traded hands, compared to its average volume of 2,032,131. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The business’s fifty day simple moving average is $127.32 and its two-hundred day simple moving average is $137.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.01 and a quick ratio of 1.50. The firm has a market capitalization of $27.95 billion and a price-to-earnings ratio of 47.72.

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 for the quarter, topping the consensus estimate of $1.07 by $0.12. The business had revenue of $1.43 billion during the quarter. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts predict that Qnity Electronics, Inc. will post 4.52 earnings per share for the current year.

Qnity Electronics Profile

Qnity Electronics is an electronics materials company focused on technologies used in semiconductor manufacturing and advanced electronics production. The company supplies materials and solutions designed to support processes such as wafer fabrication, lithography, chemical-mechanical planarization, cleaning, packaging and interconnect formation.

Qnity’s product portfolio serves semiconductor manufacturers, chip designers, assembly and packaging providers, and other customers across the electronics supply chain.