Mitsubishi UFJ Asset Management Co. Ltd. Buys New Stake in Qnity Electronics, Inc. $Q

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, Holdings Channel reports. The institutional investor bought 442,831 shares of the premier technology solutions leader’s stock, valued at approximately $37,632,000.

Several other institutional investors also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics during the fourth quarter valued at $26,000. Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $27,000. Finally, Stephens Consulting LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $30,000.

Qnity Electronics Stock Performance

Q opened at $147.24 on Friday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $151.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.95. The company has a market capitalization of $30.86 billion and a PE ratio of 80.46. The company’s 50 day simple moving average is $124.47.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Qnity Electronics’s quarterly revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. As a group, analysts predict that Qnity Electronics, Inc. will post 3.78 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is currently 17.49%.

Analyst Ratings Changes

Several equities analysts recently weighed in on Q shares. KeyCorp raised their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $170.00 target price on shares of Qnity Electronics in a research note on Thursday. Royal Bank Of Canada raised their target price on shares of Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Mizuho set a $120.00 price objective on shares of Qnity Electronics in a research report on Monday, February 23rd. Finally, Weiss Ratings initiated coverage on shares of Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.57.

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.