Newport Trust Company LLC Acquires New Stake in Qnity Electronics, Inc. $Q

Newport Trust Company LLC acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, HoldingsChannel reports. The firm acquired 197,315 shares of the premier technology solutions leader’s stock, valued at approximately $16,111,000.

Other large investors also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in Qnity Electronics during the 4th quarter valued at $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics during the 4th quarter valued at $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics during the 4th quarter valued at $26,000. Motco purchased a new position in Qnity Electronics during the 4th quarter valued at $27,000. Finally, Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics during the 4th quarter valued at $27,000.

Qnity Electronics Trading Down 0.2%

Shares of NYSE:Q opened at $152.71 on Friday. The business’s 50-day moving average is $131.79 and its 200 day moving average is $107.48. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $171.52. The firm has a market capitalization of $31.97 billion and a P/E ratio of 52.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

Qnity Electronics (NYSE:Q) last announced its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, research analysts predict that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend 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 is currently 11.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Royal Bank Of Canada boosted their price objective on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Mizuho upped their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. KeyCorp upped their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

About Qnity Electronics

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