First Trust Advisors LP Boosts Stake in Qnity Electronics, Inc. $Q

First Trust Advisors LP lifted its position in Qnity Electronics, Inc. (NYSE:Q) by 9.8% in the 1st quarter, Holdings Channel reports. The fund owned 139,368 shares of the premier technology solutions leader’s stock after acquiring an additional 12,450 shares during the quarter. First Trust Advisors LP’s holdings in Qnity Electronics were worth $16,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in Q. DAVENPORT & Co LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $330,000. Pallas Capital Advisors LLC bought a new stake in shares of Qnity Electronics during the 4th quarter valued at $218,000. Exchange Traded Concepts LLC bought a new stake in shares of Qnity Electronics during the 4th quarter valued at $61,000. Retirement Systems of Alabama purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $3,638,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth about $44,200,000.

Qnity Electronics Trading Down 3.5%

Qnity Electronics stock opened at $123.43 on Thursday. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $177.28. The firm has a market capitalization of $25.84 billion and a price-to-earnings ratio of 42.42. The firm has a 50 day moving average of $149.25 and a 200 day moving average of $129.93. 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 quarterly 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 firm had revenue of $1.31 billion for the quarter. The company’s quarterly 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. As a group, research analysts predict that Qnity Electronics, Inc. will post 4.16 earnings per share for the current year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Qnity Electronics’s payout ratio is 11.00%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada decreased their target price on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Finally, BMO Capital Markets lifted their target price on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $151.78.

Qnity Electronics Company Profile

Qnity Electronics, Inc (NYSE:Q) develops and supplies specialty materials, components and process solutions used in semiconductor manufacturing and advanced electronics production. Its offerings support the fabrication, interconnection, packaging and protection of increasingly complex electronic devices.

The company’s portfolio includes materials and technologies used in wafer processing, chemical mechanical planarization, lithography, dielectric and metallization applications, semiconductor packaging, and other advanced interconnect processes.