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 research firms recently commented on KEYS. Robert W. Baird cut their price target on Keysight Technologies from $198.00 to $166.00 in a research note on Monday, May 16th. JPMorgan Chase & Co. cut 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. UBS Group cut 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. The Goldman Sachs Group cut 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Keysight Technologies from $176.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.67.
Keysight Technologies Price Performance
Shares of NYSE:KEYS opened at $166.56 on Thursday. Keysight Technologies has a one year low of $127.93 and a one year high of $209.08. The stock has a fifty day moving average of $146.41 and a 200-day moving average of $150.36. The company has a market capitalization of $29.97 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 2.73 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.
Keysight Technologies (NYSE:KEYS - Get Rating) last announced 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. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $1.34 EPS. The company's revenue was up 10.6% on a year-over-year basis. As a group, equities analysts anticipate that Keysight Technologies will post 6.53 EPS for the current fiscal year.
Insider Transactions at Keysight Technologies
In related news, Director Kevin A. Stephens purchased 500 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were acquired 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 of the company's stock, valued at approximately $496,435.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Keysight Technologies news, Director Richard P. Hamada sold 1,626 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $243,900.00. Following the transaction, the director now directly owns 42,160 shares of the company's stock, valued at $6,324,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin A. Stephens bought 500 shares of the stock in a transaction on Thursday, June 30th. The shares were acquired at an average cost of $136.91 per share, for a total transaction of $68,455.00. Following the completion of the transaction, the director now directly owns 3,626 shares of the company's stock, valued at $496,435.66. The disclosure for this purchase can be found here. 0.52% of the stock is currently owned by company insiders.
