Fifth Third Bancorp Increases Stake in Keysight Technologies, Inc. (NYSE:KEYS) – Defense World
Posted by admin on Jul 3rd, 2022 
Fifth Third Bancorp increased its stake in Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 1.4% in the first quarter, HoldingsChannel.com reports. The firm owned 19,694 shares of the scientific and technical instruments company’s stock after acquiring an additional 280 shares during the quarter. Fifth Third Bancorp’s holdings in Keysight Technologies were worth $3,111,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in KEYS. Cetera Advisors LLC increased its holdings in shares of Keysight Technologies by 4.3% in the 3rd quarter. Cetera Advisors LLC now owns 1,732 shares of the scientific and technical instruments company’s stock valued at $285,000 after purchasing an additional 72 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Keysight Technologies by 55.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 15,607 shares of the scientific and technical instruments company’s stock valued at $3,223,000 after purchasing an additional 5,590 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Keysight Technologies in the 4th quarter valued at about $229,000. Brookstone Capital Management increased its holdings in Keysight Technologies by 6.5% during the 4th quarter. Brookstone Capital Management now owns 1,599 shares of the scientific and technical instruments company’s stock valued at $301,000 after acquiring an additional 98 shares in the last quarter. Finally, DNB Asset Management AS increased its holdings in Keysight Technologies by 6.4% during the 4th quarter. DNB Asset Management AS now owns 34,076 shares of the scientific and technical instruments company’s stock valued at $7,037,000 after acquiring an additional 2,056 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.
In related news, Director Richard P. Hamada sold 1,626 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $150.00, for a total value of $243,900.00. Following the transaction, the director now owns 42,160 shares in the company, valued at $6,324,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by company insiders.
KEYS opened at $136.15 on Friday. The company’s 50 day simple moving average is $139.69 and its 200 day simple moving average is $158.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.26 and a current ratio of 2.86. Keysight Technologies, Inc. has a 1 year low of $127.93 and a 1 year high of $209.08. The stock has a market capitalization of $24.50 billion, a PE ratio of 24.62, a P/E/G ratio of 2.37 and a beta of 1.08.
Keysight Technologies (NYSE:KEYS – Get Rating) last released its earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.20. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the company earned $1.34 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts expect that Keysight Technologies, Inc. will post 6.51 earnings per share for the current fiscal year.
Several research firms have weighed in on KEYS. The Goldman Sachs Group dropped their target price on shares of Keysight Technologies from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, June 1st. UBS Group dropped their target price on shares of Keysight Technologies from $220.00 to $177.00 and set a “buy” rating for the company in a report on Friday, June 17th. StockNews.com began coverage on shares of Keysight Technologies in a report on Thursday, March 31st. They set a “buy” rating for the company. Morgan Stanley dropped their target price on shares of Keysight Technologies from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Keysight Technologies from $230.00 to $200.00 in a research note on Wednesday, May 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.50.
Keysight Technologies Company Profile (Get Rating)
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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
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