Qnity Electronics (NYSE:Q) Sets New 52-Week High – Should You Buy?

Qnity Electronics, Inc. (NYSE:Q) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $176.49 and last traded at $175.2050, with a volume of 26183 shares. The stock had previously closed at $168.98.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on Q. Royal Bank Of Canada upped their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, KeyCorp lifted their target price on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Eight 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 price target of $151.33.

Qnity Electronics Trading Up 2.8%

The stock has a market capitalization of $36.38 billion and a PE ratio of 59.90. The stock’s 50 day moving average price is $148.57 and its 200-day moving average price is $117.69. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

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 analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The business’s revenue 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, sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 29th. Qnity Electronics’s payout ratio is presently 11.00%.

Institutional Trading of Qnity Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its holdings in Qnity Electronics by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock valued at $2,770,000 after buying an additional 77 shares in the last quarter. AMG National Trust Bank lifted its holdings in shares of Qnity Electronics by 3.4% in the first quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock worth $298,000 after buying an additional 84 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Qnity Electronics by 71.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock worth $25,000 after acquiring an additional 89 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Qnity Electronics by 5.5% during the first quarter. First Citizens Bank & Trust Co. now owns 2,948 shares of the premier technology solutions leader’s stock worth $340,000 after acquiring an additional 154 shares during the last quarter. Finally, Patton Fund Management Inc. grew its stake in Qnity Electronics by 7.0% during the first quarter. Patton Fund Management Inc. now owns 2,812 shares of the premier technology solutions leader’s stock valued at $324,000 after acquiring an additional 185 shares in the last quarter.

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.