J.W. Cole Advisors Inc. Takes $709,000 Position in Qnity Electronics, Inc. $Q

J.W. Cole Advisors Inc. purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,397 shares of the premier technology solutions leader’s stock, valued at approximately $709,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics during the 4th quarter worth approximately $26,000. Motco bought a new stake in Qnity Electronics during the 4th quarter worth approximately $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics during the 4th quarter worth approximately $27,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Mizuho upped their price target on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. KeyCorp upped their price target on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada upped their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Trading Down 3.5%

NYSE:Q opened at $139.65 on Thursday. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $143.08 and a two-hundred day moving average price of $113.72. The company has a market cap of $29.23 billion and a P/E ratio of 47.99.

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

Qnity Electronics Announces Dividend

The business also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 11.00%.

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.