Mark Adam Wallace, Senior Vice President at Keysight Technologies Inch. (NYSE:), recently sold 6,000 shares of the company’s stock. The transaction, which took place on December 30, 2024, was executed at an average price of $161,795 per share, generating a total of approximately $970,769. Following this sale, Wallace retains ownership of 85,828,742 shares in the company. The sale comes as Keysight, currently valued at $27.8 billion, trades at a relatively high P/E ratio of 45.4. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 2.98, while receiving an overall financial health FER score. InvestingPro subscribers have access to 10 additional key insights on Keysight, along with comprehensive valuation metrics and a detailed Pro Research Report.
In other recent news, Synopsys (NASDAQ: ) is on the verge of winning European Union approval for its $35 billion acquisition of Ansys (NASDAQ: ) after committing to divest two business units to ease competition concerns. The sale includes Optical Solutions Group and Ansys PowerArtist, assets that will be acquired by Keysight Technologies. This strategic move is expected to ensure that the merger does not stifle competition or hinder innovation in the chip design software industry.
In related developments, Keysight Technologies has received favorable attention from analysts. JPMorgan upgraded Keysight shares to Overweight, citing expectations of a cyclical recovery in end markets and potential benefits from the company’s acquisition Spirent (LON:). Similarly, Baird maintained an outperform rating on Keysight and raised its price target, citing strong order execution and a faster-than-expected business recovery.
Furthermore, Keysight reported strong results in the fourth quarter, beating analysts’ expectations. The company reported adjusted earnings per share of $1.65 and revenue of $1.29 billion, both of which beat estimates. Looking ahead, Keysight provided strong guidance for the first quarter of fiscal 2025, forecasting adjusted earnings between $1.65 and $1.71 per share, on estimated revenue between $1.265 billion and $1.285 billion.
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