Jeffrey K. Li, Senior Vice President and Secretary at Keysight Technologies , Inc. (NYSE:KEYS), recently sold 4,412 shares of the company's common stock. The sale, executed on December 4, 2024, was conducted at a price of $171.92 per share, amounting to a total transaction value of $758,511. The transaction comes as Keysight's stock trades near its 52-week high, having delivered an impressive 24.7% return over the past six months. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. Following this sale, Li holds approximately 30,637 shares in the company. This transaction was carried out under a Rule 10b5-1 trading plan, which Li had adopted earlier this year in June. The company maintains strong financial health with a current ratio of 2.98, indicating solid liquidity. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Keysight Technologies Pro Research Report, available exclusively on InvestingPro.
In other recent news, Keysight Technologies has been the subject of positive analyst attention. Baird maintained an Outperform rating on Keysight, lifting its stock target from $163 to $180, citing signs of faster-than-anticipated business recovery. Keysight's fourth-quarter results and first-quarter guidance exceeded expectations, with adjusted earnings per share of $1.65, surpassing the analyst consensus estimate of $1.57, and revenue of $1.29 billion, above the anticipated $1.26 billion.
Keysight's FY25 outlook, which aligns with consensus estimates, does not factor in a broad market recovery, suggesting potential upside if such a recovery occurs. Despite challenges in the automotive and wireless markets, the company's order performance remains strong, suggesting resilience and potential for growth.
These recent developments show Keysight's strategic positioning and adaptability in fluctuating market conditions. For the first quarter of fiscal 2025, Keysight forecasts adjusted earnings ranging from $1.65 to $1.71 per share, with revenue projected between $1.265 billion and $1.285 billion, surpassing Wall Street's estimates.
In other segments, the company's Communications Solutions Group reported flat year-over-year revenue at $894 million, while the Electronic Industrial Solutions Group revenue declined by 6% to $393 million. Keysight also generated a free cash flow of $328 million in Q4, slightly down from $340 million in the same period last year.
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