Troluce Capital Advisors LLC bought a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,100 shares of the premier technology solutions leader’s stock, valued at approximately $4,916,000. Qnity Electronics accounts for about 0.5% of Troluce Capital Advisors LLC’s holdings, making the stock its 12th biggest holding.
Several other institutional investors also recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its holdings in Qnity Electronics by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,004 shares of the premier technology solutions leader’s stock worth $2,770,000 after purchasing an additional 77 shares during the period. AMG National Trust Bank lifted its holdings in shares of Qnity Electronics by 3.4% during the first quarter. AMG National Trust Bank now owns 2,583 shares of the premier technology solutions leader’s stock valued at $298,000 after purchasing an additional 84 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Qnity Electronics by 71.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Butensky & Cohen Financial Security Inc. grew its stake in shares of Qnity Electronics by 0.3% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 34,132 shares of the premier technology solutions leader’s stock worth $5,574,000 after buying an additional 105 shares during the last quarter. Finally, Syon Capital LLC increased its position in Qnity Electronics by 2.0% during the 2nd quarter. Syon Capital LLC now owns 5,811 shares of the premier technology solutions leader’s stock valued at $949,000 after buying an additional 116 shares in the last quarter.
Qnity Electronics Price Performance
Shares of NYSE Q opened at $120.53 on Friday. The firm has a market cap of $25.22 billion and a P/E ratio of 43.05. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $135.29 and a 200 day moving average of $135.68.
Qnity Electronics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Qnity Electronics’s dividend payout ratio (DPR) is 11.43%.
Insider Buying and Selling
In other Qnity Electronics news, Director Bondt De acquired 1,000 shares of Qnity Electronics stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $138.14 per share, for a total transaction of $138,140.00. Following the acquisition, the director owned 6,647 shares of the company’s stock, valued at $918,216.58. This represents a 17.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.
Analyst Upgrades and Downgrades
Q has been the subject of a number of recent research reports. BMO Capital Markets lifted 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Qnity Electronics in a research note on Wednesday, August 5th. Royal Bank Of Canada lowered their price target on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Mizuho upped their price target on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Qnity Electronics presently has an average rating of “Buy” and an average price target of $151.78.
Check Out Our Latest Stock Analysis on Qnity Electronics
Qnity Electronics Profile
Qnity Electronics, Inc is a global electronic materials company serving the semiconductor and advanced electronics industries. The company develops and supplies materials and technologies used in semiconductor manufacturing, including solutions for wafer processing, lithography, cleaning, chemical-mechanical planarization, interconnects and advanced packaging.
Qnity’s products are designed to support the production of increasingly complex chips and electronic components by helping manufacturers improve performance, reliability and manufacturing efficiency.
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