Qnity Electronics (NYSE:Q) Director Byron Green Purchases 1,000 Shares

Qnity Electronics, Inc. (NYSE:Q) Director Byron Green bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average price of $79.12 per share, with a total value of $79,120.00. Following the acquisition, the director owned 1,637 shares of the company’s stock, valued at $129,519.44. This represents a 156.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Qnity Electronics Stock Up 3.0%

NYSE:Q opened at $102.47 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $85.66. The company has a market capitalization of $21.46 billion and a PE ratio of 101.46. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $107.84.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 EPS for the quarter, topping the consensus estimate of $0.69 by $0.32. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.23 billion.

Qnity Electronics Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.06 per share. This represents a yield of 31.0%. The ex-dividend date of this dividend was Friday, November 28th. Qnity Electronics’s payout ratio is presently 23.76%.

Wall Street Analyst Weigh In

Q has been the subject of a number of research analyst reports. Oppenheimer assumed coverage on Qnity Electronics in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 target price for the company. Weiss Ratings started coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Wall Street Zen raised shares of Qnity Electronics to a “hold” rating in a research report on Friday, November 28th. Zacks Research upgraded shares of Qnity Electronics to a “hold” rating in a research note on Thursday, November 6th. Finally, Wolfe Research started coverage on shares of Qnity Electronics in a research note on Monday, November 3rd. They set an “outperform” rating and a $110.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $105.00.

Institutional Investors Weigh In On Qnity Electronics

A number of institutional investors have recently modified their holdings of Q. Moisand Fitzgerald Tamayo LLC bought a new position in Qnity Electronics in the 4th quarter worth about $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics in the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $27,000. Stephens Consulting LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $30,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $32,000.

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.