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.
Wall Street Analyst Weigh In
KEYS has been the subject of a number of research reports. Morgan Stanley reduced their price objective on 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. JPMorgan Chase & Co. lowered their price target on Keysight Technologies from $200.00 to $176.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. The Goldman Sachs Group lowered their price target on Keysight Technologies from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, June 1st. UBS Group lowered their price target on 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, Robert W. Baird lowered their price target on Keysight Technologies from $198.00 to $166.00 in a research note on Monday, May 16th. 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $191.50.
Keysight Technologies Stock Down 0.5 %
NYSE:KEYS traded down $0.76 on Friday, reaching $167.26. 468,312 shares of the stock traded hands, compared to its average volume of 761,814. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.81 and a beta of 1.10. The company has a current ratio of 2.86, a quick ratio of 2.26 and a debt-to-equity ratio of 0.47. Keysight Technologies has a 12 month low of $127.93 and a 12 month high of $209.08. The company's fifty day simple moving average is $145.19 and its 200 day simple moving average is $150.21.
Keysight Technologies (NYSE:KEYS - Get Rating) last announced its quarterly earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.20. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.30 billion. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. Keysight Technologies's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. Equities analysts predict that Keysight Technologies will post 6.53 EPS for the current fiscal year.
Insider Buying and Selling
In other Keysight Technologies news, Director Richard P. Hamada sold 1,626 shares of the firm'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 transaction, the director now owns 42,160 shares in the company, valued at approximately $6,324,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Richard P. Hamada sold 1,626 shares of the firm's stock in a transaction on Monday, June 6th. The shares were 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 owns 42,160 shares in the company, valued at approximately $6,324,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin A. Stephens bought 500 shares of the company's stock in a transaction on Thursday, June 30th. The shares were acquired at an average price of $136.91 per share, with a total value of $68,455.00. Following the completion of the acquisition, the director now directly owns 3,626 shares in the company, valued at approximately $496,435.66. The disclosure for this purchase can be found here. 0.52% of the stock is owned by corporate insiders.
