Keysight Technologies Inc. (KEYS) Downgraded by BidaskClub
BidaskClub lowered shares of Keysight Technologies Inc. (NYSE:KEYS) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
A number of other brokerages have also issued reports on KEYS. Barclays PLC assumed coverage on Keysight Technologies in a research report on Monday, August 7th. They issued an overweight rating and a $50.00 target price on the stock. Jefferies Group LLC reiterated a buy rating and issued a $50.00 price target on shares of Keysight Technologies in a report on Friday, July 21st. Deutsche Bank AG set a $46.00 price target on Keysight Technologies and gave the company a buy rating in a report on Wednesday, June 7th. Citigroup Inc. boosted their price target on Keysight Technologies from $44.00 to $49.00 and gave the company a buy rating in a report on Wednesday, June 7th. Finally, Stifel Nicolaus boosted their price target on Keysight Technologies from $36.00 to $40.00 and gave the company a hold rating in a report on Wednesday, June 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $45.90.
Keysight Technologies (KEYS) opened at 39.82 on Tuesday. Keysight Technologies has a 52-week low of $29.17 and a 52-week high of $43.15. The firm’s 50-day moving average is $41.42 and its 200-day moving average is $38.69. The stock has a market cap of $7.38 billion, a P/E ratio of 20.23 and a beta of 1.15.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.52 by $0.12. The firm had revenue of $758 million for the quarter, compared to analyst estimates of $748.59 million. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. Keysight Technologies’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. Equities research analysts predict that Keysight Technologies will post $2.48 earnings per share for the current year.
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In other news, SVP Michael Gasparian sold 2,677 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $41.66, for a total value of $111,523.82. Following the completion of the transaction, the senior vice president now owns 65,926 shares of the company’s stock, valued at $2,746,477.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles J. Dockendorff purchased 13,210 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $37.81 per share, with a total value of $499,470.10. Following the purchase, the director now owns 51,800 shares of the company’s stock, valued at approximately $1,958,558. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 461,554 shares of company stock valued at $17,749,840. 1.23% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware acquired a new position in Keysight Technologies during the second quarter valued at about $100,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Keysight Technologies by 171.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock valued at $137,000 after buying an additional 2,400 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Keysight Technologies during the second quarter valued at about $207,000. Creative Planning boosted its position in Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 63 shares during the last quarter. Finally, Starfire Investment Advisers Inc. acquired a new position in Keysight Technologies during the second quarter valued at about $214,000. 85.57% of the stock is owned by institutional investors.
Keysight Technologies Company Profile
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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