Keysight Technologies, Inc. (NYSE:KEYS – Get Rating)’s stock price gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $166.03, but opened at $173.98. Keysight Technologies shares last traded at $171.64, with a volume of 5,639 shares traded.
The scientific and technical instruments company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.15. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Keysight Technologies had a return on equity of 32.51% and a net margin of 20.74%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 EPS.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on KEYS shares. Wells Fargo & Company started coverage on Keysight Technologies in a research note on Thursday, November 3rd. They set an “overweight” rating and a $200.00 price objective for the company. Susquehanna Bancshares dropped their price objective on Keysight Technologies from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Friday. StockNews.com began coverage on Keysight Technologies in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Robert W. Baird lifted their price objective on Keysight Technologies from $169.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Finally, Citigroup lifted their price objective on Keysight Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.64.
Insiders Place Their Bets
Institutional Trading of Keysight Technologies
Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Keysight Technologies by 35.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,734,064 shares of the scientific and technical instruments company’s stock worth $514,741,000 after buying an additional 983,521 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in Keysight Technologies during the third quarter worth about $147,028,000. Alphinity Investment Management Pty Ltd raised its stake in shares of Keysight Technologies by 56.6% in the 2nd quarter. Alphinity Investment Management Pty Ltd now owns 1,386,055 shares of the scientific and technical instruments company’s stock valued at $191,068,000 after purchasing an additional 501,149 shares during the period. Bessemer Group Inc. raised its stake in shares of Keysight Technologies by 17,300.3% in the 3rd quarter. Bessemer Group Inc. now owns 482,163 shares of the scientific and technical instruments company’s stock valued at $75,874,000 after purchasing an additional 479,392 shares during the period. Finally, Findlay Park Partners LLP raised its stake in shares of Keysight Technologies by 101.1% in the 1st quarter. Findlay Park Partners LLP now owns 894,865 shares of the scientific and technical instruments company’s stock valued at $141,362,000 after purchasing an additional 449,957 shares during the period. Institutional investors own 81.87% of the company’s stock.
Keysight Technologies Price Performance
The company has a current ratio of 3.01, a quick ratio of 2.40 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $165.10 and a 200-day simple moving average of $155.37. The stock has a market cap of $30.96 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 2.07 and a beta of 1.06.
Keysight Technologies Company Profile
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.
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