SANTA ROSA, Calif.—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 recent SEC filing, Mr. Chai sold 18,212 shares of common stock on December 3, 2024. The shares were sold at an average weighted price of $171.339, with prices ranging from $170.775 to $171.765, resulting in a total transaction value of approximately $3.12 million. The transaction comes as the $29.38 billion company trades near its 52-week high of $175.39, having delivered a strong 26% return over the past six months.
Following this transaction, Mr. Chai holds 230,786.893 shares of Keysight Technologies. The sale was executed under direct ownership, as detailed in the filing. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with 12 key insights available to subscribers, including metrics on profitability, momentum, and financial health. Access the comprehensive Pro Research Report for deeper analysis of KEYS and 1,400+ other top stocks.
In other recent news, Keysight Technologies has been showing promising signs of recovery. The company's fourth fiscal quarter results and first fiscal quarter guidance exceeded expectations, leading Baird to maintain an Outperform rating on Keysight shares and increase the price target to $180 from $163. Keysight's recent performance suggests a potential for growth if market conditions improve, despite facing challenges in wireless markets and the automotive sector.
The company reported strong fourth-quarter results, with adjusted earnings per share of $1.65 and revenue of $1.29 billion, surpassing analyst consensus estimates. Keysight also provided robust guidance for the first quarter of fiscal 2025, expecting adjusted earnings to range from $1.65 to $1.71 per share, with projected revenue between $1.265 billion and $1.285 billion.
In other developments, Keysight'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. The company generated free cash flow of $328 million in Q4, a slight decrease from $340 million in the same period last year. These are some of the recent developments that have been shaping Keysight Technologies' trajectory.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.