Qnity Electronics, Inc. (NYSE:Q) Receives Average Recommendation of “Moderate Buy” from Analysts

Qnity Electronics, Inc. (NYSE:Q) has received an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $105.00.

Several equities analysts recently commented on the company. Wolfe Research began coverage on Qnity Electronics in a research report on Monday, November 3rd. They set an “outperform” rating and a $110.00 target price for the company. New Street Research set a $110.00 price target on Qnity Electronics in a research report on Monday, November 3rd. Mizuho decreased their price objective on shares of Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Oppenheimer began coverage on shares of Qnity Electronics in a research report on Tuesday, December 16th. They set an “outperform” rating and a $100.00 target price for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $118.00 price target on shares of Qnity Electronics in a research note on Wednesday.

Qnity Electronics Price Performance

NYSE Q opened at $96.23 on Friday. The business has a 50 day moving average price of $84.48. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 0.18. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $107.84. The stock has a market cap of $20.16 billion and a PE ratio of 95.28.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.23 billion.

Qnity Electronics Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.06 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 31.0%. Qnity Electronics’s payout ratio is 31.68%.

Insider Transactions at Qnity Electronics

In other news, CEO Jon D. Kemp sold 5,655 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $85.01, for a total transaction of $480,731.55. Following the transaction, the chief executive officer directly owned 89,177 shares in the company, valued at approximately $7,580,936.77. This represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sang Ho Kang sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $74.50, for a total value of $186,250.00. Following the transaction, the insider directly owned 15,647 shares in the company, valued at approximately $1,165,701.50. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,050 shares of company stock worth $827,659. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of Q. Massachusetts Financial Services Co. MA bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $125,587,000. Allspring Global Investments Holdings LLC purchased a new position in Qnity Electronics in the 4th quarter worth $44,200,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Qnity Electronics in the 4th quarter worth $38,158,000. Aberdeen Group plc bought a new stake in Qnity Electronics in the fourth quarter worth $19,338,000. Finally, SG Americas Securities LLC purchased a new stake in Qnity Electronics during the fourth quarter valued at about $19,068,000.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.