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.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Barclays upped their price objective on shares of Keysight Technologies from $151.00 to $179.00 and gave the stock an "equal weight" rating in a research note on Thursday. Robert W. Baird upped their price objective on shares of Keysight Technologies from $169.00 to $190.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keysight Technologies from $190.00 to $193.00 in a research note on Thursday. The Goldman Sachs Group upped their price objective on shares of Keysight Technologies from $165.00 to $182.00 and gave the stock a "buy" rating in a research note on Thursday. 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 issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $198.00.
Keysight Technologies Price Performance
Shares of KEYS Stock opened at $169.29 on Thursday. Keysight Technologies has a 52-week low of $127.93 and a 52-week high of $209.08. The stock has a market cap of $30.46 billion, a PE ratio of 30.61, a PEG ratio of 2.86 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.26 and a current ratio of 2.86. The firm's 50 day moving average price is $148.65 and its two-hundred day moving average price is $150.42.
Keysight Technologies (NYSE:KEYS - Get Rating) last announced its quarterly earnings data on Wednesday, August 17th. The scientific and technical instruments company reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.23. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the firm earned $1.46 earnings per share. The business's revenue for the quarter was up 10.8% on a year-over-year basis. As a group, analysts forecast that Keysight Technologies will post 6.53 EPS for the current year.
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, Director Kevin A. Stephens acquired 500 shares of Keysight Technologies stock in a transaction on Thursday, June 30th. The shares were purchased at an average cost of $136.91 per share, with a total value of $68,455.00. Following the completion of the purchase, the director now owns 3,626 shares in the company, valued at $496,435.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Kevin A. Stephens bought 500 shares of the business's stock in a transaction on Thursday, June 30th. The shares were bought at an average cost 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 in the company, valued at approximately $496,435.66. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard P. Hamada sold 1,626 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the sale, the director now 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.
