Giverny Capital Inc. Trims Position in Keysight Technologies Inc. $KEYS

Key Points

• Giverny Capital cut its Keysight Technologies position by 55.7% in the second quarter, selling 180,112 shares and retaining 143,072 shares valued at approximately $50.1 million.
• Keysight reported strong quarterly results, with EPS of $3.07 versus the $2.48 consensus and revenue of $1.85 billion, up 36.5% year over year and above analyst estimates.
• Analyst sentiment remains positive: the stock carries a “Moderate Buy” consensus rating with an average price target of $392.83, while several firms recently raised their targets to between $400 and $440.

Giverny Capital Inc. trimmed its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 55.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,072 shares of the scientific and technical instruments company's stock after selling 180,112 shares during the period. Keysight Technologies makes up about 1.7% of Giverny Capital Inc.'s portfolio, making the stock its 22nd biggest position. Giverny Capital Inc. owned about 0.08% of Keysight Technologies worth $50,085,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. AQR Capital Management LLC lifted its position in Keysight Technologies by 92.6% during the first quarter. AQR Capital Management LLC now owns 27,216 shares of the scientific and technical instruments company's stock valued at $3,965,000 after purchasing an additional 13,085 shares during the period. Integrated Wealth Concepts LLC grew its position in Keysight Technologies by 5.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,581 shares of the scientific and technical instruments company's stock worth $387,000 after purchasing an additional 122 shares during the period. Empowered Funds LLC raised its stake in shares of Keysight Technologies by 30.0% during the 1st quarter. Empowered Funds LLC now owns 10,652 shares of the scientific and technical instruments company's stock valued at $1,595,000 after buying an additional 2,461 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Keysight Technologies by 66.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company's stock valued at $59,000 after buying an additional 157 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Keysight Technologies in the second quarter worth about $254,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $314.66, for a total transaction of $629,320.00. Following the completion of the transaction, the senior vice president directly owned 103,861 shares in the company, valued at approximately $32,680,902.26. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jean Mcclung Nye sold 3,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $319.22, for a total transaction of $957,660.00. Following the transaction, the director directly owned 35,752 shares in the company, valued at approximately $11,412,753.44. The trade was a 7.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,507 shares of company stock worth $2,451,909 in the last quarter. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Keysight Technologies from $400.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. UBS Group upped their price objective on Keysight Technologies from $420.00 to $440.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Truist Financial raised their price objective on shares of Keysight Technologies from $376.00 to $400.00 and gave the stock a "hold" rating in a research note on Wednesday, August 19th. Weiss Ratings raised shares of Keysight Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 20th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $392.83.

Keysight Technologies Stock Performance

NYSE KEYS opened at $326.79 on Monday. The stock has a market capitalization of $55.63 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 1.63 and a beta of 1.21. Keysight Technologies Inc. has a twelve month low of $158.79 and a twelve month high of $374.96. The company has a current ratio of 2.02, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $325.95 and a 200 day moving average of $322.37.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 EPS for the quarter, beating the consensus estimate of $2.48 by $0.59. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.75 billion. Keysight Technologies had a return on equity of 24.34% and a net margin of 19.08%.Keysight Technologies's quarterly revenue was up 36.5% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. Keysight Technologies has set its Q4 2026 guidance at 3.340-3.400 EPS and its FY 2026 guidance at 11.460-11.460 EPS. Sell-side analysts anticipate that Keysight Technologies Inc. will post 10.33 EPS for the current fiscal year.

Keysight Technologies 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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