Keysight Technologies (NYSE:KEYS) Hits New 52-Week High - Here's What Happened

Key Points

• Keysight Technologies shares reached a new 52-week high of $389.93, with the stock last trading around $387.93 and up approximately 1%.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $401.42; several firms recently raised their targets to between $425 and $440.
• Keysight exceeded quarterly expectations, reporting $3.07 in EPS versus the $2.48 consensus and $1.85 billion in revenue, up 36.5% year over year. However, insiders have sold 12,200 shares worth roughly $4.1 million over the past 90 days.

Keysight Technologies Inc. (NYSE:KEYS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $389.93 and last traded at $387.9340, with a volume of 1479720 shares changing hands. The stock had previously closed at $384.17.

Wall Street Analysts Forecast Growth

KEYS has been the topic of several research reports. Morgan Stanley upped their price target on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. UBS Group boosted their target price on shares of Keysight Technologies from $420.00 to $440.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Truist Financial upped their target price on shares of Keysight Technologies from $376.00 to $400.00 and gave the stock a "hold" rating in a research report on Wednesday, August 19th. Robert W. Baird increased their price target on shares of Keysight Technologies from $385.00 to $410.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Finally, Susquehanna raised their price target on shares of Keysight Technologies from $425.00 to $440.00 and gave the company a "positive" rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $401.42.

Keysight Technologies Stock Up 1.0%

The firm has a 50 day moving average price of $337.44 and a 200-day moving average price of $332.86. The firm has a market cap of $66.04 billion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.59. The firm had revenue of $1.85 billion during 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%.The company's revenue was up 36.5% on a year-over-year basis. 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. As a group, equities analysts predict that Keysight Technologies Inc. will post 10.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jean Mcclung Nye sold 3,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director directly owned 35,752 shares of the company's stock, valued at $11,412,753.44. The trade was a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ingrid A. Estrada sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $326.10, for a total transaction of $652,200.00. Following the completion of the transaction, the senior vice president directly owned 101,861 shares in the company, valued at approximately $33,216,872.10. The trade was a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 12,200 shares of company stock worth $4,082,752. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Keysight Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Congress Asset Management Co. lifted its stake in shares of Keysight Technologies by 53.2% in the 3rd quarter. Congress Asset Management Co. now owns 38,272 shares of the scientific and technical instruments company's stock valued at $13,933,000 after purchasing an additional 13,289 shares during the period. Eastern Bank grew its stake in shares of Keysight Technologies by 97.8% during the third quarter. Eastern Bank now owns 354 shares of the scientific and technical instruments company's stock worth $129,000 after purchasing an additional 175 shares during the period. CX Institutional grew its stake in shares of Keysight Technologies by 12.9% during the third quarter. CX Institutional now owns 1,850 shares of the scientific and technical instruments company's stock worth $673,000 after purchasing an additional 211 shares during the period. Burkett Financial Services LLC bought a new stake in Keysight Technologies in the third quarter valued at about $45,000. Finally, Envestnet Asset Management Inc. increased its holdings in Keysight Technologies by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 382,082 shares of the scientific and technical instruments company's stock valued at $133,755,000 after purchasing an additional 12,508 shares during the last quarter. Institutional investors own 84.58% of the company's stock.

About Keysight Technologies

Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for communications, aerospace and defense, automotive, semiconductor, energy, and other industries. Its products and services help engineers design, validate, manufacture, and optimize electronic systems and communications networks.

The company offers test and measurement instruments, software, network test and visibility solutions, simulation and modeling tools, cybersecurity testing capabilities, and related technical services.

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