Keysight Technologies (NYSE:KEYS) Hits New 12-Month High at $101.74

Keysight Technologies Inc (NYSE:KEYS) reached a new 52-week high on Tuesday . The stock traded as high as $101.74 and last traded at $101.42, with a volume of 191739 shares traded. The stock had previously closed at $98.98.

Several research firms recently weighed in on KEYS. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 target price (up from $90.00) on shares of Keysight Technologies in a research report on Thursday, August 22nd. Robert W. Baird upgraded Keysight Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $82.00 to $100.00 in a research report on Thursday, August 22nd. Citigroup set a $100.00 target price on Keysight Technologies and gave the stock a “buy” rating in a research report on Friday, August 16th. ValuEngine downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Goldman Sachs Group downgraded Keysight Technologies from a “buy” rating to a “neutral” rating and set a $86.00 target price on the stock. in a research report on Sunday, July 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Keysight Technologies has an average rating of “Buy” and an average target price of $99.11.

The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.28. The company has a quick ratio of 1.56, a current ratio of 2.05 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $92.86 and a 200 day simple moving average of $87.73.



Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.22. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.04 billion. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, research analysts forecast that Keysight Technologies Inc will post 4.15 EPS for the current fiscal year.

Keysight Technologies announced that its Board of Directors has approved a stock buyback program on Wednesday, May 29th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the scientific and technical instruments company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other news, SVP Jay Alexander sold 18,067 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $94.01, for a total value of $1,698,478.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Pierpoint sold 14,832 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $94.00, for a total value of $1,394,208.00. Following the completion of the sale, the senior vice president now owns 48,747 shares of the company’s stock, valued at approximately $4,582,218. The disclosure for this sale can be found here. Insiders have sold 35,499 shares of company stock valued at $3,343,743 over the last 90 days. 0.65% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of KEYS. Cornerstone Advisors Inc. acquired a new stake in shares of Keysight Technologies in the second quarter valued at about $30,000. Johnson Financial Group Inc. acquired a new stake in Keysight Technologies during the 2nd quarter valued at approximately $35,000. Commonwealth Bank of Australia grew its stake in Keysight Technologies by 57.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 487 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 178 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Keysight Technologies during the 2nd quarter valued at approximately $41,000. Finally, Motco acquired a new stake in Keysight Technologies during the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 85.86% of the company’s stock.

About Keysight Technologies (NYSE:KEYS)

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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