Praxis Investment Management Inc. Invests $291,000 in Qnity Electronics, Inc. $Q

Praxis Investment Management Inc. acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,564 shares of the premier technology solutions leader’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Qnity Electronics in the 4th quarter valued at $25,000. Dunhill Financial LLC bought a new stake in Qnity Electronics in the 4th quarter valued at $25,000. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics in the 4th quarter valued at $26,000. Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics in the 4th quarter valued at $27,000. Finally, Stephens Consulting LLC bought a new stake in Qnity Electronics in the 4th quarter valued at $30,000.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $143.67 on Friday. 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 $124.47. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $151.36. The firm has a market cap of $30.11 billion and a price-to-earnings ratio of 78.51.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. On average, equities analysts anticipate that Qnity Electronics, Inc. will post 3.78 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is currently 17.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on Q shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $170.00 price target on shares of Qnity Electronics in a research note on Thursday. KeyCorp increased 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. Royal Bank Of Canada increased their price target on Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings started coverage on Qnity Electronics in a research note on Thursday, January 22nd. They issued a “hold (c-)” rating on the stock. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.57.

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.