Keysight Technologies (KEYS) Hits New 1-Year High at $80.49

Keysight Technologies Inc (NYSE:KEYS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $80.49 and last traded at $80.38, with a volume of 1694251 shares traded. The stock had previously closed at $79.02.

A number of brokerages have recently issued reports on KEYS. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Tuesday, February 5th. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Finally, TheStreet downgraded shares of Keysight Technologies from an “a-” rating to a “c+” rating in a research report on Tuesday, November 20th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.44.

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.63. The stock has a market cap of $15.09 billion, a PE ratio of 26.79 and a beta of 1.13.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.12. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $0.71 EPS. Keysight Technologies’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts expect that Keysight Technologies Inc will post 3.5 earnings per share for the current year.

In other Keysight Technologies news, SVP Stephen D. Williams sold 17,752 shares of the company’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $57.16, for a total transaction of $1,014,704.32. Following the transaction, the senior vice president now owns 56,986 shares in the company, valued at $3,257,319.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ingrid A. Estrada sold 15,462 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $62.26, for a total transaction of $962,664.12. Following the transaction, the senior vice president now owns 92,121 shares in the company, valued at approximately $5,735,453.46. The disclosure for this sale can be found here. Insiders have sold a total of 249,925 shares of company stock worth $14,923,747 in the last quarter. 0.65% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEYS. Parkside Financial Bank & Trust grew its stake in shares of Keysight Technologies by 41.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 527 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 154 shares in the last quarter. Dean Investment Associates LLC grew its stake in shares of Keysight Technologies by 1.0% in the 4th quarter. Dean Investment Associates LLC now owns 18,332 shares of the scientific and technical instruments company’s stock worth $1,138,000 after acquiring an additional 183 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Keysight Technologies by 1.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the scientific and technical instruments company’s stock worth $970,000 after acquiring an additional 201 shares in the last quarter. ETF Managers Group LLC grew its stake in shares of Keysight Technologies by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 2,489 shares of the scientific and technical instruments company’s stock worth $155,000 after acquiring an additional 339 shares in the last quarter. Finally, Weybosset Research & Management LLC grew its stake in shares of Keysight Technologies by 0.3% in the 4th quarter. Weybosset Research & Management LLC now owns 123,576 shares of the scientific and technical instruments company’s stock worth $7,672,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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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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