As of its most recent filing with the Securities and Exchange Commission (SEC) on June 8, 2023, The Manufacturers Life Insurance Company has cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 4.4%. The scientific and technical instruments company saw the firm sell 5,863 of its shares, leaving it with a total of 126,547 shares left. This reduced holding equates to an ownership percentage of 0.07% for The Manufacturers Life Insurance Company and is currently worth $21,648,000.
This news follows on from the release of Keysight Technologies’ quarterly earnings data on May 16th, where they reported an earnings per share (EPS) figure of $2.12. This exceeded the consensus estimate of $1.95 by $0.17 and was accompanied by revenue figures of $1.39 billion for the quarter – just above analysts’ expectations of $1.38 billion.
These positive results show that Keysight Technologies is continuing to excel in the provision of electronic design and test solutions to industries such as communications, networking, and electronics. The company’s services are used in the development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems – showcasing their industry-wide appeal.
Keysight Technologies operates under two primary segments: Communications Solutions Group and Electronic Industrial Solutions Group – both instrumental in supporting electronic systems around the world.
It is also noteworthy to highlight some further figures released in their quarterly report; with a return on equity figure sitting at 31.75% – above averages seen within this space – while their net margin reached an impressive 21.11%. Revenue growth was also reported at around a solid 2.9%, when comparing YoY numbers from last year; whilst EPS was reported at an expected average level-up until close-to twice times market expectation this quarter being evident.
Overall, it is clear that Keysight Technologies continues to offer a diverse selection of quality design and testing solutions to an ever-growing market, where every day there are new technologies released requiring such expertise. Nonetheless, with their exceptional performance in the most recent quarter coupled with growth prospects throughout several markets, investors may find plenty of potential in this science-based enterprise. Regardless of these figures however, one can count on a reliable partner in Keysight Technologies when it comes to electronic crafting and advancement.
Keysight Technologies, Inc.
KEYS
Strong Buy
Updated on: 21/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors Boost Stake in Keysight Technologies, Inc. Despite Recent Concerns
Keysight Technologies, Inc. has recently seen a surge in investments from institutional investors and hedge funds. Allworth Financial LP increased its stake in the scientific and technical instruments company’s stock by 2.5% during Q4, while Kentucky Retirement Systems raised its holdings by 0.4%. Private Trust Co., Glenview Trust Co., and Thoroughbred Financial Services LLC also boosted their positions in the company during the same period. Overall, 81.69% of Keysight Technologies’ stock is currently owned by institutional investors.
The company operates in two segments – Communications Solutions Group and Electronic Industrial Solutions Group – providing electronic design and test solutions to communications, networking, and electronics industries for the development, manufacture, installation, deployment, validation, optimization, and secure operation of electronics systems.
Despite positive long-term prospects for this industry sector and high ratings from many analysts with an average price target of $195.75 per share based on data from Bloomberg, recent events have caused some concern among investors. Senior Vice President Soon Chai Gooi sold shares worth over $4 million on May 30th at an average price of $161.95 per share. The sale was disclosed in a document filed with the SEC.
Following these events, shares of Keysight Technologies opened at $161.52 on June 8th on the New York Stock Exchange (NYSE). The business has a market capitalization of $28.81 billion, a PE ratio of 24.62, a PEG ratio of 2.63 and a beta of 1.07. The company experienced fluctuations between a yearly low of $130.07 per share to a yearly high of $189.45 per share.
Some analysts in the past have also lowered their target prices on KEYS; UBS Group reduced it from $205 to $185 last February while Morgan Stanley decreased it from $184 to $180 earlier this year. Meanwhile, StockNews.com began coverage on the company’s shares and gave it a “buy” rating.
In conclusion, while Keysight Technologies shows positive signs for the future through its industry sector and growth prospects, recent events may have prompted caution among investors. It will be interesting to see how the company continues to perform in the coming weeks and months.
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