Keysight Technologies (NYSE:KEYS) Stock Falls 8.4% – Here’s Why

Keysight Technologies Inc. (NYSE:KEYS) traded down 8.4% on Thursday. The company traded as low as $329.47 and last traded at $327.6990. Approximately 244,470 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,394,709 shares. The stock had previously closed at $357.62.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, August 19th. UBS Group boosted their target price on shares of Keysight Technologies from $420.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group boosted their target price on shares of Keysight Technologies from $452.00 to $487.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Truist Financial upped their target price on shares of Keysight Technologies from $376.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley raised their price target on shares of Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $401.42.

Keysight Technologies Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62. The firm has a market cap of $56.30 billion, a price-to-earnings ratio of 45.43, a P/E/G ratio of 1.08 and a beta of 1.17. The business’s 50-day moving average price is $343.65 and its two-hundred day moving average price is $336.89.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.59. Keysight Technologies had a net margin of 19.08% and a return on equity of 24.34%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The business’s revenue was up 36.5% compared to the same quarter last year. Keysight Technologies has set its Q4 2026 guidance at 3.340-3.400 EPS and its FY 2026 guidance at 11.460-11.460 EPS. On average, research analysts forecast that Keysight Technologies Inc. will post 10.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $326.10, for a total transaction of $652,200.00. Following the transaction, the senior vice president owned 101,861 shares of the company’s stock, valued at approximately $33,216,872.10. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Neil Dougherty sold 2,000 shares of Keysight Technologies stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $340.79, for a total value of $681,580.00. Following the completion of the transaction, the chief financial officer owned 123,390 shares of the company’s stock, valued at $42,050,078.10. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,200 shares of company stock worth $4,082,752. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Keysight Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Keysight Technologies by 15.0% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 222 shares of the scientific and technical instruments company’s stock valued at $63,000 after acquiring an additional 29 shares during the last quarter. Kera Capital Partners Inc. lifted its stake in Keysight Technologies by 0.9% during the first quarter. Kera Capital Partners Inc. now owns 3,276 shares of the scientific and technical instruments company’s stock worth $925,000 after purchasing an additional 30 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Keysight Technologies by 36.1% during the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 30 shares during the last quarter. KCM Investment Advisors LLC boosted its holdings in Keysight Technologies by 1.3% in the first quarter. KCM Investment Advisors LLC now owns 2,333 shares of the scientific and technical instruments company’s stock worth $659,000 after purchasing an additional 30 shares during the period. Finally, WPG Advisers LLC boosted its holdings in Keysight Technologies by 16.5% in the first quarter. WPG Advisers LLC now owns 219 shares of the scientific and technical instruments company’s stock worth $62,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

About Keysight Technologies

Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for communications, aerospace and defense, automotive, semiconductor, energy, and other industries. Its products and services help engineers design, validate, manufacture, and optimize electronic systems and communications networks.

The company offers test and measurement instruments, software, network test and visibility solutions, simulation and modeling tools, cybersecurity testing capabilities, and related technical services.