Tiemann Investment Advisors LLC Makes New $711,000 Investment in Keysight Technologies Inc. $KEYS

Tiemann Investment Advisors LLC purchased a new stake in Keysight Technologies Inc. (NYSE:KEYS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,032 shares of the scientific and technical instruments company’s stock, valued at approximately $711,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of KEYS. BlackRock Inc. bought a new stake in shares of Keysight Technologies in the 2nd quarter valued at about $7,030,806,000. Norges Bank bought a new position in Keysight Technologies during the fourth quarter worth about $435,542,000. Focus Partners Wealth grew its holdings in Keysight Technologies by 3,941.3% during the fourth quarter. Focus Partners Wealth now owns 1,406,286 shares of the scientific and technical instruments company’s stock worth $285,743,000 after purchasing an additional 1,371,488 shares during the period. Woodline Partners LP acquired a new position in Keysight Technologies during the third quarter worth approximately $208,891,000. Finally, M&T Bank Corp increased its position in Keysight Technologies by 9,349.0% during the fourth quarter. M&T Bank Corp now owns 1,048,176 shares of the scientific and technical instruments company’s stock worth $212,979,000 after buying an additional 1,037,083 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

KEYS opened at $359.87 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51. The business has a fifty day simple moving average of $333.92 and a 200 day simple moving average of $313.09. Keysight Technologies Inc. has a 1 year low of $152.85 and a 1 year high of $374.96. The company has a market capitalization of $61.50 billion, a PE ratio of 59.19, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, May 19th. The scientific and technical instruments company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.55. Keysight Technologies had a return on equity of 21.58% and a net margin of 17.25%.The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business earned $1.70 EPS. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. Research analysts expect that Keysight Technologies Inc. will post 9.03 EPS for the current year.

Insider Activity

In related news, Director James Cullen sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total value of $1,039,740.00. Following the transaction, the director directly owned 21,821 shares in the company, valued at approximately $7,562,722.18. This represents a 12.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total transaction of $681,740.00. Following the transaction, the senior vice president directly owned 105,861 shares in the company, valued at approximately $36,084,839.07. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 5,507 shares of company stock valued at $1,904,669. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on KEYS. Truist Financial upped their price objective on Keysight Technologies from $310.00 to $376.00 and gave the company a “hold” rating in a research note on Thursday, May 21st. Susquehanna lifted their target price on Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, May 20th. Morgan Stanley boosted their target price on Keysight Technologies from $305.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. Wells Fargo & Company increased their price target on Keysight Technologies from $300.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Finally, Robert W. Baird raised their price target on Keysight Technologies from $375.00 to $385.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.92.

Keysight Technologies Company Profile

Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.

Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.