Royal Fund Management LLC Makes New Investment in Qnity Electronics, Inc. $Q

Royal Fund Management LLC bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 3rd quarter, Holdings Channel.com reports. The fund bought 15,488 shares of the premier technology solutions leader’s stock, valued at approximately $1,947,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brookstone Capital Management boosted its stake in shares of Qnity Electronics by 14.8% during the third quarter. Brookstone Capital Management now owns 1,681 shares of the premier technology solutions leader’s stock valued at $211,000 after acquiring an additional 217 shares during the last quarter. NBT Bank N.A. purchased a new position in Qnity Electronics during the third quarter worth about $553,000. Root Financial Partners LLC purchased a new position in Qnity Electronics during the third quarter worth about $75,000. E. Ohman J or Asset Management AB lifted its position in Qnity Electronics by 20.0% during the third quarter. E. Ohman J or Asset Management AB now owns 5,637 shares of the premier technology solutions leader’s stock worth $709,000 after buying an additional 940 shares during the period. Finally, Cardinal Capital Management increased its stake in shares of Qnity Electronics by 6.2% during the 3rd quarter. Cardinal Capital Management now owns 18,195 shares of the premier technology solutions leader’s stock valued at $2,288,000 after acquiring an additional 1,067 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays started coverage on Qnity Electronics in a report on Monday, October 12th. They set an “overweight” rating and a $211.00 price objective for the company. Weiss Ratings raised shares of Qnity Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 13th. Royal Bank Of Canada lowered their price target on Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Truist Financial began coverage on shares of Qnity Electronics in a report on Wednesday, October 14th. They set a “buy” rating and a $170.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $154.36.

Insider Buying and Selling at Qnity Electronics

In related news, Director Bondt De bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $138.14 per share, for a total transaction of $138,140.00. Following the transaction, the director directly owned 6,647 shares of the company’s stock, valued at approximately $918,216.58. This represents a 17.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Qnity Electronics Stock Performance

Shares of NYSE Q traded up $1.17 during midday trading on Friday, hitting $109.95. The company’s stock had a trading volume of 1,897,782 shares, compared to its average volume of 1,490,884. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28. The firm’s fifty day moving average price is $123.31 and its 200-day moving average price is $137.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.01. The firm has a market cap of $23.00 billion and a P/E ratio of 39.27.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, August 4th. The premier technology solutions leader reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. The firm had revenue of $1.43 billion for the quarter. Qnity Electronics had a net margin of 11.25% and a return on equity of 10.83%. Qnity Electronics has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts forecast that Qnity Electronics, Inc. will post 4.41 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.32 annualized dividend and a yield of 0.3%. Qnity Electronics’s payout ratio is presently 11.43%.

Qnity Electronics Profile

Qnity Electronics, Inc is a global materials and solutions company serving the semiconductor and advanced electronics industries. The company develops and supplies materials used throughout the manufacturing process for integrated circuits, including wafer fabrication, lithography, cleaning, chemical mechanical planarization and advanced packaging.

Its product portfolio includes semiconductor-grade materials such as photoresists, dielectric materials, CMP pads and slurries, cleaners, removers and other process-enabling technologies.