Lisa M. Poole, Vice President and Controller of Keysight Technologies , Inc. (NYSE:KEYS), recently sold 350 shares of the company's common stock. The shares were sold at a price of $171.79 each, totaling $60,126. Following this transaction, Poole now directly owns 4,820 shares of the company. This sale was documented in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Keysight Technologies has been the focus of attention due to its robust fourth-quarter results and positive guidance for the first fiscal quarter of 2025. Keysight reported adjusted earnings per share of $1.65, surpassing the analyst consensus estimate of $1.57. Revenue was also higher than anticipated, coming in at $1.29 billion against expectations of $1.26 billion. The company's first-quarter guidance for fiscal 2025 also exceeded Wall Street's estimates, projecting adjusted earnings to range from $1.65 to $1.71 per share, with revenue between $1.265 billion and $1.285 billion.
Baird maintained an Outperform rating on Keysight and increased the price target to $180 from $163. The firm's analyst noted a faster-than-expected business recovery reflected in Keysight's recent financial performance. Despite challenges in the Automotive and wireless sectors, Keysight's order performance remained strong for two consecutive quarters, suggesting resilience in its operations.
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 also generated free cash flow of $328 million in Q4, showing a slight decrease from $340 million in the same period last year. These are among the recent developments that continue to shape Keysight's position in the market.
InvestingPro Insights
While Lisa M. Poole's recent stock sale might raise eyebrows, a deeper look at Keysight Technologies' financials reveals a more nuanced picture. According to InvestingPro data, Keysight boasts a robust market capitalization of $29.67 billion, indicating its significant presence in the technology sector. The company's P/E ratio of 48.59 suggests that investors are willing to pay a premium for its shares, potentially due to growth expectations or market position.
InvestingPro Tips highlight that Keysight operates with a moderate level of debt and its liquid assets exceed short-term obligations, pointing to a solid financial foundation. This financial stability could provide context for why insiders might choose to sell shares for personal reasons without necessarily signaling concerns about the company's prospects.
Moreover, Keysight's stock is trading near its 52-week high, with a one-year price total return of 26.08%. This performance, coupled with the fact that 6 analysts have revised their earnings upwards for the upcoming period, suggests ongoing confidence in the company's trajectory despite the insider sale.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for Keysight Technologies, providing a deeper understanding of the company's financial health and market position.
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