Commerce Bank purchased a new stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 172,117 shares of the scientific and technical instruments company’s stock, valued at approximately $60,253,000.
Other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Keysight Technologies during the 4th quarter worth about $25,000. IMG Wealth Management Inc. bought a new stake in Keysight Technologies in the 2nd quarter valued at about $29,000. Cornerstone Planning Group LLC raised its stake in Keysight Technologies by 36.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 30 shares during the period. Virtus Advisers LLC acquired a new position in Keysight Technologies during the 2nd quarter worth approximately $35,000. Finally, Oslo Pensjonsforsikring AS bought a new position in Keysight Technologies in the first quarter worth approximately $44,000. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Price Performance
KEYS stock opened at $315.95 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.51 and a current ratio of 2.02. The business has a 50-day simple moving average of $332.86 and a two-hundred day simple moving average of $315.34. The company has a market capitalization of $54.00 billion, a P/E ratio of 43.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.22. Keysight Technologies Inc. has a 52-week low of $158.79 and a 52-week high of $374.96.
Keysight Technologies News Summary
Here are the key news stories impacting Keysight Technologies this week:
- Positive Sentiment: Strong results and raised outlook: Keysight reported fiscal third-quarter EPS of $3.07, well above the $2.48 consensus, while revenue reached $1.85 billion versus expectations of $1.75 billion. Revenue increased 36.5% year over year, and management issued upbeat fourth-quarter guidance. Keysight Technologies Gains Attention After Results Update
- Positive Sentiment: AI growth opportunity: Analysts view Keysight’s testing and measurement equipment as a potential durable beneficiary of AI data-center and networking investment, supporting the company’s raised outlook. Keysight Raised Its Outlook
- Positive Sentiment: Multiple growth drivers: Coverage highlights momentum in AI infrastructure, advanced semiconductors, 6G, automotive technology and energy-transition applications, particularly within Keysight’s Electronic Industrial Solutions Group. Keysight Focuses on AI Infrastructure Keysight Rides on EISG Strength
- Positive Sentiment: Analyst support: JPMorgan and Robert W. Baird commentary points to further price appreciation, reinforcing bullish sentiment following the earnings update. JPMorgan Forecasts Strong Price Appreciation Baird Analyst Expects Keysight Stock to Rise
- Neutral Sentiment: Additional analyst coverage remains focused on whether AI-related equipment demand can sustain Keysight’s growth, with broader market attention supporting visibility but not necessarily creating a new company-specific catalyst. Analyst Insights on Keysight Technologies
- Negative Sentiment: Valuation and technical factors could temper enthusiasm: KEYS trades at a forward-looking premium, and its recent retreat has left the shares below the 50-day moving average, potentially encouraging profit-taking despite strong fundamentals. Why Keysight Technologies Is in Focus
Insider Buying and Selling
In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total transaction of $681,740.00. Following the transaction, the senior vice president directly owned 105,861 shares in the company, valued at approximately $36,084,839.07. This trade represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of Keysight Technologies stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the transaction, the director directly owned 21,821 shares in the company, valued at $7,562,722.18. This represents a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 5,507 shares of company stock worth $1,904,669. 0.40% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Zacks Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company upped their target price on Keysight Technologies from $390.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial increased their target price on Keysight Technologies from $376.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday. UBS Group lifted their price target on shares of Keysight Technologies from $420.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup restated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $392.83.
Check Out Our Latest Stock Analysis on Keysight Technologies
Keysight Technologies Company Profile
Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett?Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.
Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.
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