Smithfield Trust Co Boosts Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Smithfield Trust Co raised its position in Keysight Technologies, Inc. (NYSE:KEYS) by 77.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,184 shares of the scientific and technical instruments company’s stock after purchasing an additional 516 shares during the period. Smithfield Trust Co’s holdings in Keysight Technologies were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KEYS. Swedbank AB purchased a new stake in Keysight Technologies in the 1st quarter worth approximately $621,993,000. Price T Rowe Associates Inc. MD lifted its position in Keysight Technologies by 352.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after buying an additional 2,462,543 shares during the period. Capital World Investors acquired a new stake in Keysight Technologies in the 1st quarter worth about $250,097,000. Boston Partners purchased a new stake in Keysight Technologies in the 1st quarter valued at about $175,979,000. Finally, Fort Pitt Capital Group LLC increased its stake in shares of Keysight Technologies by 59.1% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock valued at $109,138,000 after acquiring an additional 254,985 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KEYS has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Susquehanna reiterated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Finally, Robert W. Baird lifted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.30.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $169.99 on Friday. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $170.52. The stock has a market cap of $29.50 billion, a P/E ratio of 48.57, a PEG ratio of 4.46 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. The firm has a 50-day moving average of $155.72 and a two-hundred day moving average of $146.10.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a return on equity of 19.34% and a net margin of 12.32%. The business’s revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 EPS. On average, research analysts expect that Keysight Technologies, Inc. will post 6.18 earnings per share for the current fiscal year.

About Keysight Technologies

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.