Tower Research Capital LLC TRC lifted its holdings in Keysight Technologies Inc (NYSE:KEYS) by 115.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,077 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,536 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Keysight Technologies were worth $933,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. ELM Advisors LLC acquired a new position in Keysight Technologies during the 3rd quarter worth $101,000. Dupont Capital Management Corp acquired a new position in Keysight Technologies during the 2nd quarter worth $102,000. Qube Research & Technologies Ltd acquired a new position in Keysight Technologies during the 2nd quarter worth $120,000. Smithfield Trust Co. lifted its holdings in Keysight Technologies by 2,786.7% during the 3rd quarter. Smithfield Trust Co. now owns 2,165 shares of the scientific and technical instruments company’s stock worth $143,000 after buying an additional 2,090 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in Keysight Technologies during the 3rd quarter worth $149,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on KEYS shares. Jefferies Financial Group upped their price objective on Keysight Technologies to $74.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Deutsche Bank upped their price objective on Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Citigroup upped their price objective on Keysight Technologies from $71.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Stifel Nicolaus started coverage on Keysight Technologies in a report on Monday, October 22nd. They set a “buy” rating and a $73.00 price objective on the stock. Finally, Goldman Sachs Group raised Keysight Technologies from a “neutral” rating to a “buy” rating in a report on Thursday, October 18th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.22.
Shares of Keysight Technologies stock opened at $62.39 on Tuesday. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 20.80 and a beta of 1.20. Keysight Technologies Inc has a 52 week low of $41.33 and a 52 week high of $70.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.63 and a quick ratio of 1.20.
Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.84 by $0.12. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, sell-side analysts forecast that Keysight Technologies Inc will post 3.5 EPS for the current year.
About Keysight Technologies
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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