Vestcor Inc Acquires New Holdings in Qnity Electronics, Inc. $Q

Vestcor Inc acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,100 shares of the premier technology solutions leader’s stock, valued at approximately $335,000.

Several other institutional investors also recently bought and sold shares of Q. Moisand Fitzgerald Tamayo LLC purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $26,000. Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics in the fourth quarter worth $27,000. Finally, Motco purchased a new position in Qnity Electronics in the fourth quarter worth $27,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. BMO Capital Markets reiterated an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Royal Bank Of Canada lifted their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Stock Performance

NYSE Q opened at $144.75 on Wednesday. The stock has a 50-day simple moving average of $142.43 and a two-hundred day simple moving average of $113.27. The firm has a market capitalization of $30.30 billion and a P/E ratio of 49.74. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. 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 (NYSE:Q) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion for the quarter. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, equities analysts forecast that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

Qnity Electronics Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.