"We Are Going To Buy More" Qnity (Q) Shares, Says Jim Cramer

We recently published 11 Latest Stocks Jim Cramer Talked About. Qnity Electronics, Inc. (NYSE:Q) is one of the stocks Jim Cramer recently discussed.

Qnity Electronics, Inc. (NYSE:Q) rang the bell yesterday after it completed its spinoff from chemicals giant DuPont. The firm caters to the needs of the semiconductor industry by providing packaging solutions, lithography materials, nanowire technologies, and thermal management materials. Cramer used Qnity Electronics, Inc. (NYSE:Q) as an example of how money in the market was moving towards firms with exposure to semiconductors. After interviewing the firm’s CEO, he also revealed that he was keeping the stock for his charitable trust:

“Look who we’re going to be speaking to. We’re speaking to Qnity. That’s a DuPont spinoff. I’ve owned, we’ve owned DuPont forever for the trust. And I’ve been saying that this thing is the greatest thing. No one has cared at all about it, until today. Cause they discover, wow, it’s packaging and it’s materials for high end semiconductors. It just keeps coming back. Carl it’s just, it’s an ineluctable magnet of capital and it just sucks everything else. And it just sucks out the money.

“Jon Kemp is the CEO of Qnity Electronics. We are keeping our stock for the charitable trust and we are going to buy more because we think it is 15 points too inexpensive.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.