Qnity Electronics (NYSE:Q) Stock Price Down 8.3% – Here’s Why

Qnity Electronics, Inc. (NYSE:Q) shares dropped 8.3% during mid-day trading on Thursday . The company traded as low as $105.41 and last traded at $106.5770. Approximately 1,658,440 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 2,603,302 shares. The stock had previously closed at $116.27.

Wall Street Analysts Forecast Growth

Q has been the topic of several recent research reports. Oppenheimer initiated coverage on Qnity Electronics in a research report on Tuesday, December 16th. They set an “outperform” rating and a $100.00 price objective on the stock. Mizuho set a $120.00 target price on Qnity Electronics in a research note on Monday, February 23rd. Royal Bank Of Canada increased their price target on shares of Qnity Electronics from $118.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $126.00 price objective on shares of Qnity Electronics in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $120.86.

Qnity Electronics Stock Up 1.8%

The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $104.78. The company has a market cap of $22.86 billion and a PE ratio of 59.57.

Qnity Electronics (NYSE:Q) last issued its earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. The business’s revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Institutional Investors Weigh In On Qnity Electronics

Several institutional investors have recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Qnity Electronics during the fourth quarter worth about $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. purchased a new stake in Qnity Electronics in the fourth quarter worth $26,000. Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics in the fourth quarter valued at $27,000. Finally, Motco purchased a new position in Qnity Electronics during the 4th quarter valued at $27,000.

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.