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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment. The company's Electronic Industrial Solutions Group segment offers design tools; design verification tools; and digital multimeters, function generators, frequency counters, data acquisition systems, audio analyzers, LCR meters, thermal imagers, source measure units, ultra-high precision device current analyzers, and test executive software platforms, as well as various power supplies comprising AC/DC modular supplies and electronically programmable loads. This segment also provides printed-circuit-board-assembly testers, integrated circuit parametric testers, and sub-nano-meter positioning sub-assemblies; and test and measurement products and software. The company offers product support, technical support, and training and consulting services. It sells its products through direct sales force, distributors, resellers, and manufacturer's representatives. Keysight Technologies, Inc. was founded in 1939 and is headquartered in Santa Rosa, California.
Keysight Technologies Trading Down 1.7 %
NYSE:KEYS traded down $3.13 during trading on Friday, hitting $176.23. The company had a trading volume of 996,243 shares, compared to its average volume of 1,058,112. The company's fifty day moving average is $150.07 and its 200-day moving average is $150.55. Keysight Technologies has a one year low of $127.93 and a one year high of $209.08. The company has a current ratio of 2.86, a quick ratio of 2.26 and a debt-to-equity ratio of 0.47. The company has a market cap of $31.71 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.84 and a beta of 1.10.
Keysight Technologies (NYSE:KEYS - Get Rating) last issued its quarterly earnings data on Wednesday, August 17th. The scientific and technical instruments company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.79 by $0.22. Keysight Technologies had a net margin of 21.00% and a return on equity of 32.41%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business posted $1.46 earnings per share. Keysight Technologies's quarterly revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts predict that Keysight Technologies will post 6.53 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently weighed in on KEYS. Barclays raised their price objective on shares of Keysight Technologies from $151.00 to $179.00 and gave the company an "equal weight" rating in a research report on Thursday. UBS Group cut their price objective on Keysight Technologies from $220.00 to $177.00 and set a "buy" rating for the company in a report on Friday, June 17th. The Goldman Sachs Group raised their price objective on Keysight Technologies from $165.00 to $182.00 and gave the company a "buy" rating in a report on Thursday. Citigroup upped their target price on Keysight Technologies from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Bank of America lifted their price target on shares of Keysight Technologies from $155.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $196.23.
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, Director Kevin A. Stephens purchased 500 shares of the firm's stock in a transaction that occurred on Thursday, June 30th. The stock was bought at an average cost of $136.91 per share, for a total transaction of $68,455.00. Following the purchase, the director now directly owns 3,626 shares in the company, valued at $496,435.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Kevin A. Stephens acquired 500 shares of Keysight Technologies stock in a transaction that occurred on Thursday, June 30th. The stock was bought at an average price of $136.91 per share, with a total value of $68,455.00. Following the transaction, the director now directly owns 3,626 shares in the company, valued at $496,435.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard P. Hamada sold 1,626 shares of the business's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $150.00, for a total value of $243,900.00. Following the completion of the sale, the director now directly owns 42,160 shares in the company, valued at $6,324,000. The disclosure for this sale can be found here. Insiders own 0.52% of the company's stock.
