Gooi Soon Chai, Senior Vice President at Keysight Technologies , Inc. (NYSE:KEYS), recently sold a significant portion of the company's stock. According to a filing with the Securities and Exchange Commission, Gooi sold 8,703 shares of common stock on December 2, 2024, at an average price of $169.66 per share. This transaction totaled approximately $1.48 million. The sale comes as Keysight's stock trades near its 52-week high of $175.39, with the company currently valued at $29.51 billion. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Following this sale, Gooi retains ownership of 248,998.893 shares in the company. The transaction was conducted under a pre-established Rule 10b5-1 trading plan, which Gooi adopted on May 30, 2024. InvestingPro subscribers can access 11 additional investment tips for Keysight, along with comprehensive financial health metrics that show the company maintains a GOOD overall financial position. A detailed Pro Research Report is available for this stock, offering deep-dive analysis and actionable insights.
In other recent news, Keysight Technologies outperformed expectations with robust fourth-quarter results. The company reported adjusted earnings per share of $1.65, surpassing the analyst consensus estimate of $1.57, and revenue of $1.29 billion, exceeding expectations of $1.26 billion. Baird maintained an Outperform rating on shares of Keysight Technologies and increased the price target to $180 from $163, indicating signs of a faster-than-anticipated business recovery. The company's order performance has been strong for the second consecutive quarter, despite challenges in wireless markets and a narrowing in the Automotive sector.
Looking ahead, Keysight provided strong guidance for the first quarter of fiscal 2025. The company expects adjusted earnings to range from $1.65 to $1.71 per share, with revenue projected between $1.265 billion and $1.285 billion, surpassing Wall Street's estimates. However, the company's Communications Solutions Group segment reported flat year-over-year revenue at $894 million, while the Electronic Industrial Solutions Group revenue declined by 6% to $393 million.
These are recent developments in Keysight's performance and outlook. Analysts from Baird express confidence in Keysight's market position and its ability to capitalize on any broad market recovery, provided geopolitical and trade conditions remain stable.
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