Key Points
- Insider sale: Sang Ho Kang sold 2,500 shares of Qnity Electronics (NYSE:Q) on Nov 21 at an average price of $74.50 for $186,250, trimming his stake by 13.78% to 15,647 shares (≈$1.17M).
- Strong quarter and dividend: The company reported $1.01 EPS versus $0.69 expected and $1.28B revenue versus $1.23B expected, and announced a $0.06 dividend payable Dec 15 with an ex-dividend date of Nov 28 (yield quoted at 31.0%).
- Analyst view: Q has a consensus rating of "Moderate Buy" with a $104.40 price target, though several firms adjusted targets recently (RBC and Mizuho cut theirs while Deutsche Bank initiated coverage with a "Buy" at $92).
Qnity Electronics, Inc. (NYSE:Q - Get Free Report) insider Sang Ho Kang sold 2,500 shares of the business's stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $74.50, for a total value of $186,250.00. Following the sale, the insider owned 15,647 shares of the company's stock, valued at approximately $1,165,701.50. The trade was a 13.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Qnity Electronics Trading Up 0.8%
Shares of Qnity Electronics stock opened at $85.01 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.78. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $105.40. The company has a market capitalization of $17.81 billion and a price-to-earnings ratio of 84.17.
Qnity Electronics (NYSE:Q - Get Free Report) last issued its quarterly earnings data on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.32. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.23 billion.
Qnity Electronics Announces Dividend
The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.06 dividend. This represents a yield of 31.0%. The ex-dividend date is Friday, November 28th. Qnity Electronics's dividend payout ratio is currently 23.76%.
Analyst Upgrades and Downgrades
Q has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on Qnity Electronics from $120.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Qnity Electronics in a research report on Monday, November 24th. They issued a "buy" rating and a $92.00 target price for the company. Zacks Research raised Qnity Electronics to a "hold" rating in a research report on Thursday, November 6th. Mizuho reduced their price objective on Qnity Electronics from $110.00 to $100.00 and set an "outperform" rating for the company in a research note on Thursday, November 20th. Finally, Wall Street Zen raised Qnity Electronics to a "hold" rating in a report on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $104.40.
View Our Latest Stock Analysis on Q
About Qnity Electronics
(
Get Free Report)
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
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