Key Points
- Director Anne Noonan purchased 3,240 shares of Qnity at an average price of $77.30 on Nov. 21 for a total of $250,452, a purchase that increased her holdings from zero to 3,240 shares.
- Qnity beat expectations in its latest quarter, reporting $1.01 EPS versus $0.69 expected and revenue of $1.28 billion versus $1.23 billion expected.
- The stock traded around $75.71 midday (52-week range $70.50–$105.40) and carries an average analyst rating of "Moderate Buy" with an average target of $106.67 (two Buys, one Hold; Mizuho cut its target to $100).
Qnity Electronics, Inc. (NYSE:Q - Get Free Report) Director Anne Noonan purchased 3,240 shares of the company's stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average cost of $77.30 per share, for a total transaction of $250,452.00. Following the completion of the purchase, the director owned 3,240 shares in the company, valued at $250,452. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Qnity Electronics Price Performance
Qnity Electronics stock traded up $0.81 during mid-day trading on Friday, reaching $75.71. The stock had a trading volume of 2,735,309 shares, compared to its average volume of 4,147,919. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $105.40.
Qnity Electronics (NYSE:Q - Get Free Report) last issued its earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.32. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Mizuho dropped their price objective on shares of Qnity Electronics from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday. Zacks Research raised shares of Qnity Electronics to a "hold" rating in a research report on Thursday, November 6th. Wolfe Research started coverage on Qnity Electronics in a research note on Monday, November 3rd. They set an "outperform" rating and a $110.00 price target for the company. Finally, New Street Research set a $110.00 price objective on Qnity Electronics in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $106.67.
Read Our Latest Report on Qnity Electronics
About Qnity Electronics
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Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
Further Reading
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