Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
John Page, Senior Vice President at Keysight Technologies , Inc. (NYSE:KEYS), recently sold a significant portion of his holdings in the company. The transaction comes as the stock trades near $158 per share, giving the company a market capitalization of approximately $27.3 billion. According to InvestingPro analysis, Keysight currently trades at a relatively high earnings multiple, though the company maintains strong liquidity with a current ratio of 3.37x. According to a recent SEC filing, Page disposed of 7,368 shares of common stock at a price of $157.78 per share, totaling approximately $1.16 million. Following this transaction, Page retains ownership of 36,985.6 shares. The sale was conducted under a Rule 10b5-1 trading plan, which Page adopted on June 28, 2024. With analyst targets ranging from $156.78 to $200 per share, investors seeking deeper insights into insider trading patterns and comprehensive analysis can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Keysight Technologies reported impressive second-quarter earnings for 2025, with earnings per share reaching $1.70, surpassing the forecast of $1.65. The company’s revenue also exceeded expectations, totaling $1.31 billion against the anticipated $1.28 billion. This strong performance prompted JPMorgan to raise Keysight’s stock price target to $177, citing robust growth in the wireline segment and an upgraded full-year outlook for fiscal year 2025. Additionally, Susquehanna maintained a positive outlook on Keysight, with a price target of $195, highlighting potential revenue growth driven by advancements in 5G and a rebound in government and defense spending.
In merger news, the U.S. Department of Justice has required Keysight to divest certain Spirent (LON:SPT) Communications businesses to address antitrust concerns related to their proposed $1.5 billion merger. The divestiture involves Spirent’s high-speed ethernet testing, network security testing, and RF channel emulation businesses, representing about 40% of Spirent’s total revenues. This move aims to preserve competition in key testing equipment markets. Meanwhile, Keysight announced executive changes, with Ingrid Estrada appointed as the new Senior Vice President, Chief Supply Chain and Operations, following Soon Chai Gooi’s retirement announcement.
These developments reflect Keysight’s ongoing strategic adjustments and its strong financial performance amidst a competitive technological landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.