Shares of Keysight Technologies, Inc. (NYSE: KEYS – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $ 193.50.
A number of research analysts have recently commented on KEYS shares. StockNews.com started coverage on Keysight Technologies in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Robert W. Baird cut their target price on Keysight Technologies from $ 198.00 to $ 166.00 in a research note on Monday, May 16th. JPMorgan Chase & Co. cut their target price on Keysight Technologies from $ 230.00 to $ 200.00 in a research note on Wednesday, May 18th. Morgan Stanley cut their target price on Keysight Technologies from $ 190.00 to $ 180.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 12th. Finally, The Goldman Sachs Group cut their target price 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.
In other news, SVP Jeffrey K. Li sold 3,000 shares of the stock in a transaction on Wednesday, March 30th. The stock was sold at an average price of $ 162.34, for a total transaction of $ 487,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $ 243,900.00. Following the sale, the director now owns 42,160 shares of the company stock, valued at approximately $ 6,324,000. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Keysight Technologies by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company stock valued at $ 3,214,409,000 after acquiring an additional 153,857 shares during the period. BlackRock Inc. increased its position in shares of Keysight Technologies by 1.9% in the 1st quarter. BlackRock Inc. now owns 18,230,643 shares of the scientific and technical instruments company stock valued at $ 2,879,895,000 after acquiring an additional 334,181 shares during the period. State Street Corp increased its position in shares of Keysight Technologies by 3.1% in the 4th quarter. State Street Corp now owns 8,252,402 shares of the scientific and technical instruments company stock valued at $ 1,704,204,000 after acquiring an additional 247,231 shares during the period. Mackenzie Financial Corp increased its position in shares of Keysight Technologies by 5.6% in the 1st quarter. Mackenzie Financial Corp now owns 3,990,045 shares of the scientific and technical instruments company stock valued at $ 630,307,000 after acquiring an additional 212,300 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Keysight Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 3,424,293 shares of the scientific and technical instruments company stock valued at $ 705,536,000 after acquiring an additional 114,603 shares during the period. Hedge funds and other institutional investors own 84.00% of the company stock.
Shares of NYSE KEYS opened at $ 140.48 on Wednesday. The business’s 50 day moving average is $ 140.61 and its two-hundred day moving average is $ 160.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.86 and a quick ratio of 2.26. Keysight Technologies has a 1-year low of $ 127.93 and a 1-year high of $ 209.08. The stock has a market capitalization of $ 25.28 billion, a P / E ratio of 25.40, a PEG ratio of 2.43 and a beta of 1.08.
Keysight Technologies (NYSE: KEYS – Get Rating) last issued its quarterly earnings data on Tuesday, May 17th. The scientific and technical instruments company reported $ 1.68 earnings per share for the quarter, topping the estimate consensus of $ 1.48 by $ 0.20. Keysight Technologies had a return on equity of 30.60% and a net margin of 19.90%. The company had revenue of $ 1.35 billion for the quarter, compared to analysts’ expectations of $ 1.30 billion. During the same period in the previous year, the firm posted $ 1.34 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts anticipate that Keysight Technologies will post 6.12 earnings per share for the current fiscal year.
Keysight Technologies Company Profile: (Get Rating)
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 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.
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