Providence Wealth Advisors LLC Invests $404,000 in Qnity Electronics, Inc. $Q

Providence Wealth Advisors LLC purchased a new position in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,704 shares of the premier technology solutions leader’s stock, valued at approximately $404,000.

Other institutional investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth $25,000. Dunhill Financial LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $27,000. Finally, Covestor Ltd bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $28,000.

Qnity Electronics Trading Down 2.7%

Shares of NYSE:Q opened at $145.06 on Wednesday. The company’s 50-day moving average is $130.24. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $171.52. The company has a market capitalization of $30.37 billion and a PE ratio of 79.27. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion for the quarter. The company’s revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, research analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on Q shares. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada increased their target price on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research note on Wednesday, May 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Qnity Electronics has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

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.