Traynor Capital Management Inc. Acquires New Position in Qnity Electronics, Inc. $Q

Traynor Capital Management Inc. bought a new position in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, HoldingsChannel reports. The fund bought 9,748 shares of the premier technology solutions leader’s stock, valued at approximately $796,000.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in shares of Qnity Electronics during the 4th quarter valued at $461,000. Neville Rodie & Shaw Inc. acquired a new position in shares of Qnity Electronics in the fourth quarter worth $526,000. Investors Research Corp purchased a new stake in shares of Qnity Electronics during the fourth quarter worth $102,000. Board of the Pension Protection Fund acquired a new stake in Qnity Electronics during the fourth quarter valued at $73,000. Finally, Canal Capital Management LLC acquired a new stake in Qnity Electronics during the fourth quarter valued at $331,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Oppenheimer started coverage on Qnity Electronics in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 target price on the stock. Weiss Ratings started coverage on Qnity Electronics in a report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. KeyCorp boosted their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Mizuho set a $120.00 price objective on Qnity Electronics in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $120.86.

Qnity Electronics Price Performance

Qnity Electronics stock opened at $120.31 on Thursday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $140.60. The stock’s fifty day simple moving average is $108.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The firm has a market capitalization of $25.22 billion and a P/E ratio of 65.74.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

About Qnity Electronics

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