TL;DR
Senior Vice President completes significant share divestiture as company approaches key acquisition milestone.
June 24, 2025
Keysight Technologies Inc. (NYSE: KEYS) Senior Vice President Ingrid A. Estrada executed a substantial insider sale, disposing of 10,000 shares worth approximately $1.59 million on June 20, 2025, according to a Form 4 filing submitted to the Securities and Exchange Commission.
Transaction Details
The sale was executed at an average price of $158.97 per share, with prices ranging from $158.15 to $159.66. Following the transaction, Estrada retains direct ownership of 108,590.19 shares in the $27.7 billion technology company.
The timing is notable as Keysight’s stock has been trading near its 52-week high of $186.20. KEYS shares were trading at $163.87 at the time of reporting, up 1.74% for the day.
Executive Background and Recent Role Changes
Estrada’s sale comes during leadership changes at Keysight. The company recently announced that Soon Chai Gooi would retire, with Estrada stepping into the role of Senior Vice President, Chief Supply Chain and Operations.
Company Performance and Financial Health
Keysight, a leader in electronic testing and measurement solutions, has shown strong financial performance. The company reported 7.4% revenue growth as of April 30, 2025, outpacing industry peers. Key metrics include a gross margin of 62.33% and earnings per share of $1.49.
Strategic Developments
The insider sale occurs as Keysight advances key initiatives. The company received U.S. Department of Justice clearance for its planned $1.5 billion acquisition of Spirent Communications, expected to close by the end of fiscal Q3 2025.
Investment firm Susquehanna maintains a $195 price target on Keysight, citing recovery in the wireless sector driven by 5G advancements and growth potential in wireline technology.
Market Context and Industry Position
Keysight serves over 30,000 customers across communications, government, automotive, and semiconductor manufacturing markets. The company specializes in reducing time-to-market and improving efficiency for electronics manufacturers.
The sale represents approximately 8.4% of Estrada’s direct holdings and comes as the company navigates both growth opportunities and challenges including regulatory headwinds.
Regulatory Compliance
The transaction was properly disclosed through SEC Form 4 filing requirements, which mandate that corporate insiders report trades within two business days. As a Senior Vice President, Estrada falls under the definition of a corporate insider as outlined in Section 12 of the Securities Exchange Act of 1934.