Qnity Electronics, Inc. $Q Stock Holdings Boosted by Ethic Inc.

Ethic Inc. increased its stake in shares of Qnity Electronics, Inc. (NYSE:Q) by 211.2% in the third quarter, Holdings Channel.com reports. The firm owned 26,292 shares of the premier technology solutions leader’s stock after buying an additional 17,844 shares during the quarter. Ethic Inc.’s holdings in Qnity Electronics were worth $3,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in Q. Tidal Investments LLC grew its position in Qnity Electronics by 153.6% during the 2nd quarter. Tidal Investments LLC now owns 51,587 shares of the premier technology solutions leader’s stock worth $8,425,000 after acquiring an additional 31,246 shares during the last quarter. Cetera Investment Advisers increased its holdings in Qnity Electronics by 25.2% in the 1st quarter. Cetera Investment Advisers now owns 59,846 shares of the premier technology solutions leader’s stock worth $6,905,000 after purchasing an additional 12,041 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Qnity Electronics in the 2nd quarter worth about $52,121,000. Assenagon Asset Management S.A. acquired a new position in Qnity Electronics in the 2nd quarter worth about $23,748,000. Finally, Troluce Capital Advisors LLC bought a new position in Qnity Electronics in the second quarter valued at about $4,916,000.

Analyst Upgrades and Downgrades

Several research firms have commented on Q. Mizuho dropped their target price on Qnity Electronics from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. Barclays boosted their price target on Qnity Electronics from $211.00 to $216.00 and gave the stock an “overweight” rating in a report on Friday, November 6th. Weiss Ratings downgraded Qnity Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. Finally, Royal Bank Of Canada dropped their price objective on shares of Qnity Electronics from $189.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $164.78.

Qnity Electronics Price Performance

Shares of NYSE:Q opened at $123.68 on Wednesday. The firm has a market cap of $25.85 billion and a PE ratio of 27.49. The firm’s fifty day moving average is $121.20 and its 200-day moving average is $129.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.58 and a current ratio of 2.09. Qnity Electronics, Inc. has a 52 week low of $72.81 and a 52 week high of $177.28.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Wednesday, November 4th. The premier technology solutions leader reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.28. The company had revenue of $1.56 billion for the quarter. Qnity Electronics had a net margin of 10.16% and a return on equity of 12.63%. Sell-side analysts predict that Qnity Electronics, Inc. will post 5.01 earnings per share for the current year.

Qnity Electronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.32 annualized dividend and a yield of 0.3%. Qnity Electronics’s payout ratio is presently 12.03%.

Qnity Electronics Profile

Qnity Electronics develops materials and technologies used in semiconductor manufacturing and electronic interconnect applications. Its products support processes such as chip fabrication and advanced packaging, as well as the production and assembly of circuit boards. The company serves customers across the global electronics supply chain, including semiconductor manufacturers and makers of electronic components. Its portfolio includes materials designed to help enable reliable, high-performance devices and connections.