Key Points
- Director Byron Green bought 1,000 shares at an average price of $79.12, raising his stake to 1,637 shares (a 156.99% increase), according to an SEC filing.
- Qnity beat expectations for the quarter with EPS of $1.01 and revenue of $1.28 billion versus consensus of $0.69 EPS and $1.23 billion revenue.
- Analysts hold a consensus rating of "Moderate Buy" with an average price target of $105, and several brokerages have issued "outperform" ratings.
Qnity Electronics, Inc. (NYSE:Q - Get Free Report) Director Byron Green bought 1,000 shares of Qnity Electronics stock in a transaction on Wednesday, November 19th. The stock was acquired at an average cost of $79.12 per share, with a total value of $79,120.00. Following the acquisition, the director owned 1,637 shares in the company, valued at approximately $129,519.44. This represents a 156.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Qnity Electronics Price Performance
Q stock opened at $102.47 on Thursday. The stock has a market capitalization of $21.46 billion and a PE ratio of 101.46. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 0.18. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $107.84. The business has a fifty day simple moving average of $85.66.
Qnity Electronics (NYSE:Q - Get Free Report) last released its quarterly earnings data on Tuesday, November 18th. The premier technology solutions leader reported $1.01 EPS for the quarter, topping the consensus estimate of $0.69 by $0.32. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion.
Qnity Electronics Dividend Announcement
The business also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.06 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 31.0%. Qnity Electronics's payout ratio is currently 23.76%.
Institutional Investors Weigh In On Qnity Electronics
A number of hedge funds have recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics during the fourth quarter valued at about $26,000. Provenance Wealth Advisors LLC purchased a new stake in Qnity Electronics in the fourth quarter worth about $27,000. Stephens Consulting LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $30,000. Finally, Sound Income Strategies LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth about $32,000.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on Q. Weiss Ratings assumed coverage on shares of Qnity Electronics in a report on Thursday, January 22nd. They issued a "hold (c-)" rating on the stock. Oppenheimer started coverage on Qnity Electronics in a research note on Tuesday, December 16th. They issued an "outperform" rating and a $100.00 price target on the stock. New Street Research set a $110.00 price objective on Qnity Electronics in a report on Monday, November 3rd. Mizuho lowered their target price on Qnity Electronics from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, November 20th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $118.00 target price on shares of Qnity Electronics in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.00.
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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