Keysight Technologies (NYSE:KEYS) Hits New 52-Week High - Still a Buy?

Key Points

• Keysight Technologies reached a new 52-week high, trading as high as $376.47 and gaining 2.7%. Analysts maintain a “Moderate Buy” consensus, with an average price target of $392.83.
• The company reported strong quarterly results, with EPS of $3.07 versus the $2.48 estimate and revenue of $1.85 billion versus $1.75 billion expected; revenue increased 36.5% year over year.
• Institutional ownership stands at 84.58%, with several large investors establishing new positions, while insiders sold 9,200 shares worth approximately $2.99 million over the past 90 days.

Keysight Technologies Inc. (NYSE:KEYS - Get Free Report) hit a new 52-week high during trading on Thursday. The stock traded as high as $376.47 and last traded at $374.1960, with a volume of 476694 shares trading hands. The stock had previously closed at $364.04.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings raised Keysight Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 20th. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. UBS Group raised 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. Robert W. Baird raised their target price on shares of Keysight Technologies from $385.00 to $410.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Finally, Citigroup reiterated a "buy" rating on shares of Keysight Technologies in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $392.83.

Keysight Technologies Stock Up 2.7%

The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62. The stock has a 50 day moving average price of $332.11 and a 200-day moving average price of $330.09. The stock has a market capitalization of $63.64 billion, a P/E ratio of 51.39, a PEG ratio of 1.14 and a beta of 1.21.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.59. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.75 billion. Keysight Technologies had a net margin of 19.08% and a return on equity of 24.34%. The company's revenue was up 36.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 EPS. 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, research analysts expect that Keysight Technologies Inc. will post 10.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Keysight Technologies news, VP Lisa Poole sold 200 shares of the business's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $348.01, for a total transaction of $69,602.00. Following the completion of the sale, the vice president directly owned 6,134 shares in the company, valued at $2,134,693.34. The trade was a 3.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jean Mcclung Nye sold 3,000 shares of the stock in a transaction on Friday, August 21st. The stock was 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 approximately $11,412,753.44. This trade represents a 7.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,200 shares of company stock worth $2,990,362 in the last 90 days. Corporate insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Railway Pension Investments Ltd purchased a new position in Keysight Technologies in the second quarter valued at about $36,099,000. Allworth Financial LP purchased a new stake in shares of Keysight Technologies in the second quarter worth about $2,316,000. Findlay Park Partners LLP acquired a new position in shares of Keysight Technologies in the 2nd quarter valued at approximately $157,137,000. Oppenheimer Asset Management Inc. acquired a new position in Keysight Technologies in the second quarter worth $11,917,000. Finally, Private Advisory Group LLC bought a new stake in Keysight Technologies in the 2nd quarter valued at about $2,050,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.