Bank of America Issues Positive Forecast for Keysight Technologies (NYSE:KEYS) Stock Price

Key Points

• Bank of America raised its price target for Keysight Technologies from $175.00 to $179.00, indicating a potential upside of 9.21% from its current price, while maintaining a "neutral" rating.
• JPMorgan Chase has given Keysight an "overweight" rating and increased its price target to $200.00, demonstrating confidence in the stock's future performance.
• Currently, seven analysts have rated the stock as a Buy, with an average target price set at $188.00 and an average rating of "Moderate Buy."

Keysight Technologies (NYSE:KEYS - Free Report) had its price objective hoisted by Bank of America from $175.00 to $179.00 in a research note released on Wednesday,Benzinga reports. Bank of America currently has a neutral rating on the scientific and technical instruments company's stock.

Several other research firms have also weighed in on KEYS. Morgan Stanley boosted their price target on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $187.38.

Keysight Technologies Trading Up 3.9%

KEYS traded up $6.2060 during midday trading on Wednesday, reaching $166.7960. 1,035,068 shares of the company were exchanged, compared to its average volume of 1,009,340. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.75 and a current ratio of 3.59. Keysight Technologies has a one year low of $121.43 and a one year high of $186.20. The stock has a market capitalization of $28.71 billion, a P/E ratio of 53.12, a PEG ratio of 2.26 and a beta of 1.11. The stock's 50-day simple moving average is $163.30 and its 200 day simple moving average is $158.24.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.05. Keysight Technologies had a return on equity of 19.53% and a net margin of 10.36%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $1.57 earnings per share. Keysight Technologies's 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, analysts forecast that Keysight Technologies will post 6.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 10,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the senior vice president owned 108,590 shares of the company's stock, valued at $17,262,552.30. This represents a 8.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil Dougherty sold 12,215 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $164.60, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 30,241 shares of company stock worth $4,866,631 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Keysight Technologies by 1.7% in the second quarter. Vanguard Group Inc. now owns 21,326,774 shares of the scientific and technical instruments company's stock worth $3,494,605,000 after purchasing an additional 357,263 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Keysight Technologies by 16.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company's stock valued at $2,814,195,000 after purchasing an additional 2,675,148 shares during the period. State Street Corp boosted its holdings in shares of Keysight Technologies by 0.7% in the second quarter. State Street Corp now owns 7,973,742 shares of the scientific and technical instruments company's stock worth $1,306,577,000 after acquiring an additional 55,358 shares during the period. Boston Partners boosted its holdings in shares of Keysight Technologies by 10.5% in the second quarter. Boston Partners now owns 4,709,540 shares of the scientific and technical instruments company's stock worth $771,359,000 after acquiring an additional 446,123 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of Keysight Technologies by 364.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock worth $747,301,000 after acquiring an additional 3,650,953 shares during the period. Institutional investors own 84.58% of the company's stock.

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.