Keysight Technologies (NYSE:KEYS) Hits New 52-Week High – Here’s What Happened

Keysight Technologies, Inc. (NYSE:KEYS)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $163.00 and last traded at $162.40, with a volume of 26859 shares. The stock had previously closed at $161.85.

Analysts Set New Price Targets

Several brokerages have issued reports on KEYS. Susquehanna lowered their price objective on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Robert W. Baird dropped their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Vertical Research began coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target for the company. JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.89.

Keysight Technologies Stock Performance

The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $153.82 and its 200 day moving average price is $145.32. The company has a market cap of $28.29 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 4.54 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.04 earnings per share. As a group, research analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the sale, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KEYS. American National Bank & Trust acquired a new stake in shares of Keysight Technologies in the third quarter valued at approximately $31,000. Meeder Asset Management Inc. bought a new stake in Keysight Technologies during the second quarter worth about $27,000. Larson Financial Group LLC acquired a new position in Keysight Technologies during the first quarter valued at approximately $31,000. Family Firm Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $30,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 184 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

About Keysight Technologies

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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.