Commerce Bank buys new $60.25M stake in Keysight as AI demand lifts revenue 37%
What's the deal? Commerce BankDealroom has a profile for this one. Try Dealroom → has bought a new $60,253,000 stake in Keysight TechnologiesDealroom has a profile for this one. Try Dealroom →, acquiring 172,117 shares of the scientific and technical instruments company during the second quarter, according to HoldingsChannel.
Why now? The purchase follows a strong earnings report on August 18. Keysight posted quarterly EPS of $3.07, beating the $2.48 consensus, on revenue of $1.85 billion against expectations of $1.75 billion.
What does Keysight do? It makes testing and measurement equipment used across electronics and communications. Quarterly revenue rose 36.5% year over year, and the company reported a return on equity of 24.34% and a net margin of 19.08%.
Management raised its outlook, guiding to Q4 2026 EPS of $3.34 to $3.40. Analysts expect full-year EPS of $9.03.
Who else is buying? Several smaller institutions took new or larger positions, including Quarry LPDealroom has a profile for this one. Try Dealroom →, IMG Wealth ManagementDealroom has a profile for this one. Try Dealroom →, Cornerstone Planning GroupDealroom has a profile for this one. Try Dealroom →, Virtus AdvisersDealroom has a profile for this one. Try Dealroom →, and Oslo PensjonsforsikringDealroom has a profile for this one. Try Dealroom →. Institutional investors and hedge funds own 84.58% of the company's stock.
The numbers: KEYS opened at $315.95 on Friday, giving it a market capitalisation of $54 billion and a P/E ratio of 43.40. The stock has traded between a 52-week low of $158.79 and a high of $374.96.
The signal: Analysts view Keysight's equipment as a durable beneficiary of AI data-centre and networking spending, with added momentum in advanced semiconductors, 6G, automotive, and energy-transition applications. JPMorganDealroom has a profile for this one. Try Dealroom → and Robert W. BairdDealroom has a profile for this one. Try Dealroom → both flagged further price appreciation, reinforcing bullish sentiment after the results.
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Image credit: elektorlabs
