Core Insights - Keysight Technologies, Inc. has completed the acquisition of Spirent Communications plc, marking a significant milestone for the company [1] Group 1: Acquisition Details - The acquisition combines Keysight's expertise in design, emulation, and testing with Spirent's strengths in satellite emulation, positioning, and network automation [1] - This strategic move aims to expand Keysight's portfolio to better serve its customers [1]

Core Insights - Keysight Technologies has launched the AE6980T nGBASE-AU Optical Automotive Ethernet Transmitter Test Solution, the first platform to qualify next-generation optical automotive Ethernet PHYs in compliance with the IEEE 802.3cz standard [1][5] - The new solution aims to enhance in-vehicle networking for software-defined and autonomous vehicles by providing low-latency, EMI-immune links with high bandwidth and reduced cabling weight [2][3] Product Features and Benefits - The AE6980T is built on Keysight's FlexDCA platform and integrates advanced Transmitter Distortion Figure of Merit (TDFOM) measurement capabilities, which are essential for assessing optical signal quality [4][7] - The solution automates complex test setups and generates comprehensive HTML reports, improving efficiency for validation and engineering teams [4][5] - Keysight collaborated with KD, a leader in nGBASE-AU multigigabit optical automotive Ethernet technology, to develop the IEEE 802.3cz standard and TDFOM test specifications [5][6] Industry Impact - The introduction of optical automotive Ethernet technology is seen as a transformative step in the in-vehicle network landscape, supporting the shift towards centralized zonal architectures and higher levels of automation in vehicles [3][6] - Keysight's solutions are positioned to redefine automotive connectivity, setting new benchmarks for performance and reliability in the industry [6][9]

Core Insights - Benson Investment Management Company disclosed a new position in Keysight Technologies, acquiring 31,240 shares valued at approximately $5.5 million as of September 30 [1][2] - This acquisition represents about 2% of Benson Investment Management's 13F reportable assets under management (AUM) as of the same date [3] - Keysight Technologies' shares were priced at $159.49 as of October 9, 2025, reflecting a 0.3% increase over the year, but underperforming the S&P 500 by about 12 percentage points [3] Company Overview - Keysight Technologies is a global leader in electronic design and test solutions, serving various industries including communications, aerospace, and semiconductors [6] - The company reported a total revenue of $5.2 billion and a net income of $544 million for the trailing twelve months (TTM) [4] Financial Performance - In the third fiscal quarter of 2025, Keysight Technologies reported revenue of $1.35 billion, marking an 11% year-over-year increase, with non-GAAP EPS of $1.72, exceeding guidance [10] - The company experienced a 7% increase in orders, driven by double-digit growth in commercial communications and steady demand in defense sectors [10] Strategic Positioning - The new investment in Keysight Technologies is seen as a strategic pivot towards high-quality industrial tech exposure within a portfolio primarily focused on mega-cap technology companies [7][11] - Keysight's performance is notable as it continues to thrive despite broader industrial slowdowns, suggesting potential for growth as the testing and measurement cycle strengthens into fiscal 2026 [11]

Core Viewpoint - The article discusses the divestiture of Synopsys' Optical Solutions Group and PowerArtist business to Keysight Technologies as a necessary step for regulatory approval of Synopsys' acquisition of Ansys, which was completed on July 17, 2025. The divestiture is expected to be finalized around October 17, 2025, and is not anticipated to have a significant financial impact on Synopsys [1][4]. Group 1: Synopsys' Divestiture - Synopsys has received all necessary approvals to proceed with the divestiture of its Optical Solutions Group (OSG) and PowerArtist business to Keysight Technologies, which is seen as essential for the regulatory approval of the Ansys acquisition [1][4]. - The OSG provides design tools and services for high-precision optical product simulation and visualization, including tools like CODE V, LightTools, LucidShape, RSoft, and the recently launched ImSym [2][3]. - The divestiture is expected to allow for a seamless transition for employees, customers, and partners, with OSG continuing to operate as part of Synopsys until the transaction is completed [3][4]. Group 2: Keysight Technologies' Acquisition - Keysight Technologies aims to expand its software simulation product portfolio through the acquisition of Synopsys' Optical Solutions Group, enabling support for high-performance systems beyond electronics, including optics and photonics [3][5]. - The acquisition of PowerArtist, a comprehensive RTL power design platform, is intended to enhance Keysight's position in high-performance system design and simulation software [4][5]. - Both Synopsys and Ansys believe that the sale of PowerArtist is necessary for regulatory approval, and the transition will be managed to ensure continuity of service for customers [4][5].

Core Insights - Keysight Technologies, Inc. has launched the UALink 1.0 transmitter test solution, which is a dedicated compliance test tool for UALink devices [1] - The new test application facilitates high-speed validation in advanced computing and AI interconnect systems, automating essential electrical measurements to ensure signal integrity and compliance with standards at 200 Gb/s link speeds [1] - The UALink 1.0 technology was introduced in 2024, indicating a forward-looking approach in technology development [1]

Market Overview - Mid cap growth equities experienced modest gains in Q3, with the Russell Midcap Growth Index returning 2.8%, lagging behind the Russell Midcap Value Index at 6.2% and the Russell Midcap Index at 5.3% [3] - The U.S. Federal Reserve's rate cut in September contributed to easing monetary policy, benefiting rate-sensitive sectors and renewing interest in cyclical and innovation-led areas [3] Investor Sentiment - Investor sentiment improved due to the passage of the One Big Beautiful Bill and progress on trade agreements, reducing policy uncertainty and enabling companies to execute delayed strategic decisions [4] - Earnings estimates stabilized, particularly in technology and AI-related sectors, despite ongoing challenges in non-residential construction and discretionary segments [4] Portfolio Performance - The ClearBridge Mid Cap Growth Strategy outperformed its benchmark in Q3, driven by stock selection in IT, consumer staples, and healthcare sectors, while consumer discretionary and financials sectors slightly detracted from performance [5] Sector Contributions - In the IT sector, AppLovin (APP) and Monolithic Power Systems (MPWR) were standout performers, with AppLovin benefiting from strong earnings and optimism around its e-commerce business [6] - Consumer staples saw positive contributions from Performance Food Group (PFGC) and Casey's General Stores (CASY), both benefiting from strong operational performance [7] - The consumer discretionary sector faced challenges, particularly with Chipotle Mexican Grill (CMG) and Wingstop (WING) experiencing declines due to competitive pressures and softer spending trends [8] - Financials sector was a modest drag on performance, with Tradeweb Markets (TW) and Corpay facing challenges from macro volatility and company-specific issues [9] Portfolio Positioning - New positions were initiated in Roblox, benefiting from improved growth dynamics and advertising opportunities, and APi Group, which is well-positioned in safety and industrial services [10][11] - Exited position in Deckers Outdoor (DECK) due to increasing competitive pressures in the sneaker market [12] Outlook - Leadership within mid growth stocks remains selective, with a few companies rewarded for differentiated technology and strong pipelines, while others struggle with demand and competition [13] - Focus remains on identifying businesses with secular growth drivers across technology, healthcare, and industrials sectors [14] - Near-term market uncertainty is expected to persist, but the strategy is positioned to benefit from companies sustaining durable growth in earnings and cash flow [15] Portfolio Highlights - The ClearBridge Mid Cap Growth Strategy had positive contributions across seven of the 11 sectors, with IT and healthcare being the leading contributors [16] - Stock selection in IT, consumer staples, healthcare, and energy sectors contributed positively, while consumer discretionary and financials sectors weighed on performance [17] - Individual stock contributions included AppLovin, United Rentals (URI), and Performance Food, while detractors included Chipotle Mexican Grill and Tradeweb Markets [18]

Core Insights - Keysight's 6G solutions have been selected by the University of Texas at Austin for research on digital twins [1] Company Summary - Keysight is actively involved in the development of 6G technology, indicating its commitment to advancing telecommunications research [1]

Core Insights - Keysight Technologies has launched two new products, the EV2020B and EV2020BE, aimed at enhancing end-of-line testing for electric vehicle (EV) manufacturing and electric vehicle supply equipment (EVSE) [1] Group 1: Product Launch - The EV2020B EV Manufacturing Functional Test Platform is designed for automakers [1] - The EV2020BE EV Manufacturing Functional Test Platform is tailored for EVSE manufacturers [1] Group 2: Market Impact - These solutions provide a scalable and flexible approach to production testing [1] - The new platforms aim to accelerate time-to-market for EV products [1] - The launch is expected to reduce costs associated with production testing [1] - The solutions ensure readiness for manufacturers in the evolving EV market [1]

Group 1 - Keysight Technologies and Spirent Communications have received court approval to extend the acquisition deadline to October 27, 2025, for Keysight's cash offer for Spirent [1][2][3] - The acquisition is structured as a Court-endorsed scheme of arrangement under the Companies Act 2006, with the extension allowing for further regulatory review [1][3] - China's State Administration for Market Regulation (SAMR) is in the final stages of reviewing the acquisition, with approval expected soon as a key step for closing the deal [2][3]

LONDON, United Kingdom and SANTA ROSA, Calif.: , Oct. 01, 2025 (GLOBE NEWSWIRE) -- InstrumentiX, an award-winning provider of trading infrastructure monitoring and analytics, today announced that Keysight Technologies, Inc. (NYSE: KEYS), a global technology leader in design, test and network visibility solutions, has acquired a strategic stake in the company. Keysight’s targeted investment underscores InstrumentiX’s market-leading innovation and deepens the companies’ strategic partnership, accelerating dev ...