Keysight Technologies (NYSE: KEYS) raised to buy from Zacks Investment Research
Keysight Technologies (NYSE: KEYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The company currently has a price target of $ 189.00 on the shares of the S&T company. Zacks Investment Research’s target price would indicate a potential rise of 5.88% from the company’s current price.
According to Zacks, “Keysight has a strong portfolio. The company is well positioned to capitalize on strong demand for semiconductor measurement solutions as semiconductor companies increasingly develop chips based on next-generation process technologies. Accelerated 5G deployments, 6G- related research applications and higher investments in 400G / 800G Ethernet for data centers bode well. The company is also expected to benefit from investments in modernizing defense technologies in all major regions. Nonetheless, supply chain disruptions induced by the coronavirus crisis, forex volatility due to international exposure and increasing operating expenses are major concerns. In addition, the uncertainties related to the trade war with China should remain significant. Stocks have underperformed the industry since the start of the year. “
A number of other research companies have weighed in on KEYS as well. Susquehanna raised its price target on Keysight Technologies from $ 178.00 to $ 190.00 and rated the stock “positive” in a research note on Thursday, August 19. Citigroup raised its price target on Keysight Technologies from $ 175.00 to $ 190.00 and gave the stock a “buy” rating in a research note on Thursday, August 19. Robert W. Baird raised his price target on Keysight Technologies from $ 155.00 to $ 175.00 and gave the company an “outperformance” rating in a research report on Thursday, August 19. Susquehanna Bancshares raised her price target on Keysight Technologies from $ 178.00 to $ 190.00 and gave the company a “positive” rating in a research report published Thursday, August 19. Finally, Barclays raised its price target on Keysight Technologies from $ 162.00 to $ 164.00 and gave the company an “equal weight” rating in a research report published on Thursday, August 19. Two investment analysts rated the stock with a conservation rating and eight gave the company’s stock a buy rating. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Buy” and a consensus price target of $ 180.90.
KEYS traded at $ 1.27 in Friday’s session, reaching $ 178.51. The company’s shares had a trading volume of 2,416 shares, compared to its average volume of 1,039,048. The company has a current ratio of 3.19, a quick ratio of 2.55, and a debt-to-equity ratio. of 0.48. The company’s fifty-day simple moving average is $ 168.36 and its 200-day simple moving average is $ 152.30. The company has a market cap of $ 32.88 billion, a price / earnings ratio of 40.39, a P / E / G ratio of 2.82 and a beta of 0.94. Keysight Technologies has a twelve month low of $ 95.44 and a twelve month high of $ 182.49.
Keysight Technologies (NYSE: KEYS) last released its quarterly results on Tuesday, August 17. The science and engineering instruments company reported earnings per share (EPS) of $ 1.54 for the quarter, beating Zacks’ consensus estimate of $ 1.44 by $ 0.10. The company posted revenue of $ 1.25 billion for the quarter, compared to analysts’ estimates of $ 1.22 billion. Keysight Technologies recorded a return on equity of 29.41% and a net margin of 17.03%. The company’s revenue grew 23.2% year-over-year. During the same period of the previous year, the company posted earnings per share of $ 1.19. As a group, equity research analysts predict that Keysight Technologies will post earnings per share of 5.55 for the current fiscal year.
In addition, COO Satish Dhanasekaran sold 677 shares in a transaction that took place on Wednesday, July 21. The stock was sold for an average price of $ 157.07, for a total value of $ 106,336.39. Following the closing of the sale, the COO now directly owns 60,800 shares of the company, valued at $ 9,549,856. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through this hyperlink. In addition, SVP Huei Sin Ee sold 8,256 shares of the company in a trade on Tuesday, September 7. The shares were sold at an average price of $ 180.79, for a total trade of $ 1,492,602.24. Disclosure of this sale can be found here. 0.52% of the shares are currently held by insiders.
Hedge funds have recently increased or reduced their stakes in the company. Commonwealth Equity Services LLC increased its equity stake in Keysight Technologies by 28.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 11,288 shares of the S&T company valued at $ 1,618,000 after purchasing an additional 2,495 shares during the period. Standard Life Aberdeen plc increased its stake in Keysight Technologies by 20.7% in the first quarter. Standard Life Aberdeen plc now owns 99,327 shares of the S&T company valued at $ 14,245,000 after acquiring an additional 17,031 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. strengthened its position in Keysight Technologies shares by 10.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 65,135 shares of the scientific and technical instruments company valued at $ 9,340,000 after purchasing an additional 6,356 shares in the last quarter. Allred Capital Management LLC increased its stake in Keysight Technologies shares by 8.0% during the 1st quarter. Allred Capital Management LLC now owns 3,024 shares of the S&T company valued at $ 434,000 after purchasing an additional 225 shares during the period. Finally, the Bank of Nova Scotia increased its holdings in Keysight Technologies shares by 5.7% in the 1st quarter. The Bank of Nova Scotia now owns 38,397 shares of the S&T company valued at $ 5,506,000 after purchasing an additional 2,083 shares in the last quarter. Institutional investors hold 83.59% of the shares of the company.
About Keysight Technologies
Keysight Technologies, Inc provides electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronic systems for industries. communications, networks and electronics. It operates in the following segments: Communication Solutions Group and Electronic Industrial Solutions Group.
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