Bryn Mawr Trust Advisors LLC Has $2.86 Million Holdings in Qnity Electronics, Inc. $Q

Bryn Mawr Trust Advisors LLC cut its stake in Qnity Electronics, Inc. (NYSE:Q) by 25.6% in the first quarter, Holdings Channel.com reports. The firm owned 24,798 shares of the premier technology solutions leader’s stock after selling 8,529 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Qnity Electronics were worth $2,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of Q. Moisand Fitzgerald Tamayo LLC acquired a new stake in Qnity Electronics during the fourth quarter worth about $25,000. Dunhill Financial LLC acquired a new position in Qnity Electronics in the 4th quarter valued at approximately $25,000. Armstrong Advisory Group Inc. acquired a new position in Qnity Electronics in the 4th quarter valued at approximately $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $27,000. Finally, Motco bought a new stake in shares of Qnity Electronics in the 4th quarter worth approximately $27,000.

Qnity Electronics Stock Performance

Qnity Electronics stock opened at $141.39 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The stock has a fifty day moving average price of $153.46 and a two-hundred day moving average price of $126.11. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $177.28. The firm has a market capitalization of $29.60 billion and a P/E ratio of 48.59.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. The business’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 anticipate that Qnity Electronics, Inc. will post 4.15 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently declared 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. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Mizuho boosted their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada decreased their price target on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a research note on Tuesday. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $151.78.

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.