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 Price Performance
Shares of NYSE:KEYS traded down $1.27 during midday trading on Monday, reaching $165.99. 20,045 shares of the company were exchanged, compared to its average volume of 1,071,326. The stock has a market cap of $29.87 billion, a P/E ratio of 30.25, a PEG ratio of 2.81 and a beta of 1.10. The stock's 50-day moving average price is $145.19 and its 200-day moving average price is $150.21. The company has a quick ratio of 2.26, a current ratio of 2.86 and a debt-to-equity ratio of 0.47. Keysight Technologies has a one year low of $127.93 and a one year high of $209.08.
Keysight Technologies (NYSE:KEYS - Get Rating) last released its earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.20. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. Keysight Technologies's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, sell-side analysts anticipate that Keysight Technologies will post 6.53 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on KEYS shares. The Goldman Sachs Group dropped their price target on shares of Keysight Technologies from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, June 1st. Morgan Stanley dropped their price target on shares of Keysight Technologies from $190.00 to $180.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 12th. Robert W. Baird decreased their price objective on shares of Keysight Technologies from $198.00 to $166.00 in a research note on Monday, May 16th. UBS Group decreased their price objective on shares of Keysight Technologies from $220.00 to $177.00 and set a "buy" rating on the stock in a research note on Friday, June 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Keysight Technologies from $200.00 to $176.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $191.50.
Insider Activity
In related news, Director Kevin A. Stephens acquired 500 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were purchased at an average price of $136.91 per share, for a total transaction of $68,455.00. Following the completion of the acquisition, the director now owns 3,626 shares of the company's stock, valued at $496,435.66. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Kevin A. Stephens acquired 500 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were purchased at an average price of $136.91 per share, for a total transaction of $68,455.00. Following the completion of the acquisition, the director now owns 3,626 shares of the company's stock, valued at $496,435.66. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard P. Hamada sold 1,626 shares of the business's stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $150.00, for a total transaction of $243,900.00. Following the sale, the director now directly owns 42,160 shares of the company's stock, valued at $6,324,000. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.
