Keysight Technologies (NYSE:KEYS) Hits New 1-Year High – Still a Buy?

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

Analyst Ratings Changes

A number of research firms have recently issued reports on KEYS. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research report on Wednesday, August 21st. Barclays raised shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $158.00 to $180.00 in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Bank of America upped their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. Finally, Vertical Research began coverage on Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.89.

Keysight Technologies Stock Up 0.7 %

The stock has a fifty day moving average of $153.82 and a 200 day moving average of $145.32. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business’s revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 earnings per share. On average, research analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Keysight Technologies

Several institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in Keysight Technologies during the 2nd quarter worth approximately $27,000. Family Firm Inc. bought a new stake in shares of Keysight Technologies in the 2nd quarter worth approximately $30,000. Larson Financial Group LLC bought a new stake in shares of Keysight Technologies during the first quarter valued at approximately $31,000. American National Bank & Trust purchased a new stake in Keysight Technologies during the 3rd quarter valued at $31,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Keysight Technologies by 262.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

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