Janney Montgomery Scott LLC Raises Stake in Qnity Electronics, Inc. $Q

Janney Montgomery Scott LLC raised its stake in Qnity Electronics, Inc. (NYSE:Q) by 113.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,600 shares of the premier technology solutions leader’s stock after acquiring an additional 81,766 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Qnity Electronics were worth $17,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of Q. Vanguard Group Inc. purchased a new stake in Qnity Electronics in the 4th quarter worth about $2,226,626,000. State Street Corp purchased a new stake in Qnity Electronics during the fourth quarter valued at about $728,894,000. Geode Capital Management LLC bought a new position in Qnity Electronics during the fourth quarter worth about $435,786,000. Invesco Ltd. bought a new position in Qnity Electronics during the fourth quarter worth about $385,057,000. Finally, Franklin Resources Inc. purchased a new position in shares of Qnity Electronics in the fourth quarter worth about $287,519,000.

Qnity Electronics Stock Up 3.8%

Q stock opened at $164.19 on Wednesday. The company’s 50 day moving average is $152.87 and its 200 day moving average is $121.64. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The stock has a market cap of $34.37 billion and a price-to-earnings ratio of 56.42. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28.

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, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The company’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. Sell-side analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.

Analysts Set New Price Targets

Several analysts have recently issued reports on Q shares. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Mizuho boosted their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada raised their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Profile

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