Keysight Technologies (NYSE:KEYS) Downgraded by Wall Street Zen to "Buy"

Key Points

• Keysight Technologies has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, indicating a change in analysts' bullish outlook on the company.
• Several research firms have raised their price targets; JPMorgan Chase increased it from $177.00 to $200.00, signaling confidence in Keysight’s performance.
• Keysight reported a quarterly earnings per share (EPS) of $1.72, exceeding expectations and reflecting an 11.1% revenue increase compared to the previous year.

Keysight Technologies (NYSE:KEYS - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other research firms also recently weighed in on KEYS. Bank of America boosted their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Barclays lowered their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $187.38.

Keysight Technologies Price Performance

NYSE:KEYS traded up $1.15 during midday trading on Friday, hitting $178.36. The company had a trading volume of 2,324,472 shares, compared to its average volume of 859,835. Keysight Technologies has a 52-week low of $121.43 and a 52-week high of $186.20. The stock's fifty day moving average price is $165.82 and its 200-day moving average price is $157.60. The company has a market capitalization of $30.65 billion, a PE ratio of 56.80, a P/E/G ratio of 2.48 and a beta of 1.16. The company has a quick ratio of 2.94, a current ratio of 3.59 and a debt-to-equity ratio of 0.45.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.05. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. As a group, research analysts expect that Keysight Technologies will post 6.32 earnings per share for the current year.

Insider Transactions at Keysight Technologies

In related news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total value of $347,960.00. Following the completion of the transaction, the senior vice president directly owned 106,590 shares of the company's stock, valued at $18,544,528.20. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil Dougherty sold 12,215 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the completion of the transaction, the chief financial officer directly owned 115,228 shares of the company's stock, valued at approximately $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,357 shares of company stock valued at $2,383,195. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Keysight Technologies

A number of institutional investors have recently bought and sold shares of KEYS. Price T Rowe Associates Inc. MD raised its stake in Keysight Technologies by 16.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company's stock worth $2,814,195,000 after buying an additional 2,675,148 shares in the last quarter. Norges Bank bought a new position in shares of Keysight Technologies during the second quarter valued at approximately $316,690,000. Victory Capital Management Inc. increased its stake in shares of Keysight Technologies by 1,224.5% during the first quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company's stock valued at $298,324,000 after purchasing an additional 1,841,494 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Keysight Technologies by 36,268.6% during the first quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock valued at $112,424,000 after purchasing an additional 748,583 shares in the last quarter. Finally, Man Group plc increased its stake in shares of Keysight Technologies by 164.3% during the second quarter. Man Group plc now owns 1,010,399 shares of the scientific and technical instruments company's stock valued at $165,564,000 after purchasing an additional 628,082 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.