Resona Asset Management Co. Ltd. Takes $5.66 Million Position in Qnity Electronics, Inc. $Q

Resona Asset Management Co. Ltd. acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 69,021 shares of the premier technology solutions leader’s stock, valued at approximately $5,656,000.

A number of other hedge funds also recently made changes to their positions in Q. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Qnity Electronics in the fourth quarter worth $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth $27,000. Finally, Stephens Consulting LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth $30,000.

Qnity Electronics Stock Up 2.7%

Q stock opened at $156.88 on Friday. 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, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The firm has a fifty day moving average price of $132.60 and a two-hundred day moving average price of $107.83. The firm has a market cap of $32.84 billion and a price-to-earnings ratio of 53.91.

Qnity Electronics (NYSE:Q) last released its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. Qnity Electronics’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. Research analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is presently 11.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on Q shares. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. BMO Capital Markets restated an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, KeyCorp lifted their price target 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. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Qnity Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Profile

Qnity Electronics is a technology company focused on electronic materials and solutions used in the semiconductor and advanced electronics industries. Its products and services are designed to support applications such as chip packaging, circuit board manufacturing, and other high-performance electronics processes.

The company serves customers across the electronics supply chain, helping enable the production and reliability of devices used in computing, communications, automotive, and industrial applications.