SANTA ROSA, Calif.—Satish Dhanasekaran, President and CEO of Keysight Technologies , Inc. (NYSE:KEYS), recently sold a significant portion of his company stock. The $29.5 billion technology company's shares are trading near their 52-week high of $175.39, with InvestingPro analysis indicating the stock is currently overvalued. According to a recent SEC filing, Dhanasekaran sold 17,822 shares of Keysight common stock on December 2, 2024, at an average price of $169.66 per share. This transaction, executed under a Rule 10b5-1 trading plan, amounted to a total of approximately $3.02 million. Following this sale, Dhanasekaran retains ownership of 116,582.255 shares in the company. Analyst price targets range from $157 to $200, with InvestingPro subscribers having access to 12 additional key insights and a comprehensive Pro Research Report about Keysight's valuation and growth prospects.
In other recent news, Keysight Technologies delivered impressive fourth-quarter results, surpassing analyst expectations. The company reported adjusted earnings per share of $1.65, exceeding the analyst consensus estimate of $1.57. Revenue was also higher than expected, reaching $1.29 billion against a forecast of $1.26 billion. Additionally, Baird maintained an Outperform rating on Keysight and increased the price target to $180 from $163, demonstrating confidence in the company's market position.
Keysight's first fiscal quarter guidance was also robust, with projected earnings ranging from $1.65 to $1.71 per share and revenue expected between $1.265 billion and $1.285 billion. These figures surpass Wall Street's estimates of $1.55 EPS and $1.237 billion in revenue.
In the midst of these developments, Keysight has shown resilience in weaker market segments, particularly in the Automotive sector, and has maintained strong order performance for the second consecutive quarter. However, the company faced challenges in wireless markets due to sluggishness. The company's FY25 outlook, presented recently, was in line with consensus estimates but did not factor in a broad market recovery, suggesting potential for further growth if such a recovery takes place.
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