California State Teachers Retirement System Cuts Stock Position in Qnity Electronics, Inc. $Q

California State Teachers Retirement System lessened its holdings in shares of Qnity Electronics, Inc. (NYSE:Q) by 2.8% during the 1st quarter, Holdings Channel reports. The firm owned 264,442 shares of the premier technology solutions leader’s stock after selling 7,725 shares during the period. California State Teachers Retirement System’s holdings in Qnity Electronics were worth $30,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in shares of Qnity Electronics by 182.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,168,746 shares of the premier technology solutions leader’s stock valued at $134,850,000 after purchasing an additional 754,810 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Qnity Electronics by 19.2% during the 1st quarter. Quantinno Capital Management LP now owns 252,447 shares of the premier technology solutions leader’s stock worth $29,127,000 after buying an additional 40,713 shares in the last quarter. Daventry Group LP acquired a new stake in Qnity Electronics during the 1st quarter worth approximately $2,019,000. Lazard Asset Management LLC purchased a new position in Qnity Electronics in the 1st quarter valued at approximately $213,000. Finally, Weiss Asset Management LP purchased a new position in Qnity Electronics in the 1st quarter valued at approximately $8,827,000.

Analyst Ratings Changes

Several research firms have commented on Q. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. BMO Capital Markets increased their price objective on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Mizuho lifted their target price on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Royal Bank Of Canada lowered their target price on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. One 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 company. According to data from MarketBeat.com, Qnity Electronics currently has a consensus rating of “Buy” and a consensus price target of $151.78.

Qnity Electronics Stock Up 0.9%

Shares of Qnity Electronics stock opened at $131.74 on Friday. 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, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28. The company has a market capitalization of $27.58 billion and a P/E ratio of 45.27. The company has a 50 day moving average of $148.31 and a 200 day moving average of $130.22.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. The company’s quarterly revenue 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. As a group, research analysts forecast that Qnity Electronics, Inc. will post 4.16 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

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 0.2%. Qnity Electronics’s payout ratio is presently 11.00%.

About Qnity Electronics

Qnity Electronics, Inc is a semiconductor materials company that provides products and process solutions used throughout the chip manufacturing industry. The company was formed through the separation of DuPont’s electronics business and is listed on the New York Stock Exchange under the symbol Q.

Qnity’s portfolio supports both front-end wafer fabrication and back-end semiconductor packaging. Its offerings include materials and solutions for lithography and patterning, dielectric and metallization processes, wafer cleaning, chemical-mechanical planarization, and advanced packaging.