Keysight Technologies (KEYS) is Returning to Growth

Group 1: Market Overview - In the fourth quarter of 2025, the S&P 500 returned 2.65%, leading to a full-year return of 17.9% for 2025, with annual growth of over 21% over the last three years [1] - Market leadership was characterized by High Beta and Momentum factors, with narrow participation, although sectors like Healthcare, Financials, and Consumer Discretionary showed slight improvements [1] - Mega-cap technology companies remained the primary drivers of the S&P 500's overall return, indicating high stock concentration [1] Group 2: Madison Large Cap Fund Performance - The Madison Large Cap Fund (Class I) appreciated 3.43% in the fourth quarter, outperforming the S&P 500 Index's return of 2.65% [1] - The fund's top five contributors for the quarter included Alphabet, Parker-Hannifin, Keysight Technologies, Inc., Danaher, and PACCAR [3] Group 3: Keysight Technologies, Inc. Overview - Keysight Technologies, Inc. is a market leader in electronic design and test solutions, with a market capitalization of $51.799 billion [2] - The stock closed at $301.48 per share on February 24, 2026, with a one-month return of 36.11% and a 52-week gain of 88.00% [2] - Keysight Technologies reported strong quarterly results and an improved outlook, with its end markets returning to growth after a subdued period [3] Group 4: Hedge Fund Interest - Keysight Technologies was held by 51 hedge fund portfolios at the end of the fourth quarter, an increase from 44 in the previous quarter [4] - While Keysight is recognized for its potential, certain AI stocks are considered to offer greater upside potential and less downside risk [4]