State of Wyoming Invests $637,000 in Qnity Electronics, Inc. $Q

State of Wyoming bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the first quarter, HoldingsChannel reports. The firm bought 5,521 shares of the premier technology solutions leader’s stock, valued at approximately $637,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $2,226,626,000. State Street Corp bought a new position in Qnity Electronics during the 4th quarter worth $728,894,000. Geode Capital Management LLC bought a new position in Qnity Electronics during the 4th quarter worth $435,786,000. Invesco Ltd. bought a new stake in Qnity Electronics in the fourth quarter valued at $385,057,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Qnity Electronics by 741.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after buying an additional 3,855,617 shares during the last quarter.

Qnity Electronics Price Performance

Q stock opened at $138.39 on Friday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28. The firm has a 50-day moving average of $150.95 and a two-hundred day moving average of $128.78. The firm has a market capitalization of $28.97 billion and a PE ratio of 47.56. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion during the quarter. The firm’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, analysts forecast that Qnity Electronics, Inc. will post 4.16 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Mizuho boosted their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. BMO Capital Markets lifted their price target on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $151.78.

About Qnity Electronics

Qnity Electronics is a specialty materials and electronics company focused on advanced solutions for the semiconductor and electronics industries. The company develops and supplies products used in chip manufacturing, packaging, interconnect, and other high-performance applications that support the production of modern electronic devices.

Its offerings are designed to help customers improve performance, reliability, and efficiency in complex manufacturing environments. Qnity Electronics serves a range of industrial and technology customers that require materials and process solutions for electronics-related applications.

Publicly available information on the company’s history, geographic footprint, and leadership is limited.