Guinness Asset Management LTD Increases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Guinness Asset Management LTD grew its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 6.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,399 shares of the scientific and technical instruments company’s stock after buying an additional 208 shares during the quarter. Guinness Asset Management LTD’s holdings in Keysight Technologies were worth $540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Keysight Technologies in the 1st quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies during the 2nd quarter worth about $27,000. Family Firm Inc. purchased a new stake in Keysight Technologies during the 2nd quarter worth about $30,000. Larson Financial Group LLC purchased a new stake in Keysight Technologies during the 1st quarter worth about $31,000. Finally, American National Bank & Trust purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at about $31,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies Price Performance

KEYS stock traded up $1.50 during midday trading on Friday, hitting $159.01. 653,846 shares of the stock were exchanged, compared to its average volume of 1,190,493. The stock’s 50-day moving average price is $147.05 and its 200-day moving average price is $145.24. The stock has a market cap of $27.59 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 5.28 and a beta of 0.97. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05.

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 for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. Research analysts predict that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KEYS shares. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Vertical Research started coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Bank of America upped their target price on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.67.

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.