2 months ago
Interested in Keysight Technologies Inc.? Here are five stocks we like better.
AI data-center demand is driving strong growth in Keysight's wireline business, particularly around 1.6T and emerging 3.2T networking, silicon photonics, co-packaged optics and system-level testing.
Demand currently exceeds supply, with Keysight expanding manufacturing capacity, supplier agreements and component sourcing; revenue beyond its typical order-to-revenue window was approaching $100 million.
Keysight expects additional growth from 6G, aerospace and defense, semiconductors and software-defined vehicles. The company anticipates 6G acceleration in the first half of 2028 and plans to maintain investment while targeting incremental margins of at least 40% when growth exceeds 5%.
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AI data-center demand is driving strong growth in Keysight's wireline business, particularly around 1.6T and emerging 3.2T networking, silicon photonics, co-packaged optics and system-level testing.
Demand currently exceeds supply, with Keysight expanding manufacturing capacity, supplier agreements and component sourcing; revenue beyond its typical order-to-revenue window was approaching $100 million.
Keysight expects additional growth from 6G, aerospace and defense, semiconductors and software-defined vehicles. The company anticipates 6G acceleration in the first half of 2028 and plans to maintain investment while targeting incremental margins of at least 40% when growth exceeds 5%.
3 Lesser-Known Quantum Plays the Market May Be Overlooking Right Now
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2 months ago
On August 18, Keysight Technologies (NYSE:KEYS) delivered a fiscal third quarter that beat the high end of its own guidance across the board. Revenue climbed 36% year over year to $1.85 billion, non-GAAP earnings per share jumped 79% to $3.07, and orders topped $2 billion for the second straight quarter. Management raised its outlook for both the fourth quarter and the full fiscal year, pointing to demand tied to artificial intelligence infrastructure, defense modernization, and next-generation communications standards. The results position Keysight as one of the more direct ways to invest in the testing and validation side of the AI buildout, a corner of the market most investors rarely think about.
Orders reached $2.091 billion in the quarter, up 56% on a reported basis, the second straight quarter above the $2 billion mark. Wireline orders more than doubled year over year as customers scaled out AI data center infrastructure, and Commercial Communications crossed $1 billion in quarterly revenue for the first time, up 56%, while revenue from wireline products outpaced wireless within that segment for the first time. The Electronic Industrial Solutions Group posted a record $501 million in revenue, up 21%, with double-digit order growth across general electronics, semiconductors, and automotive and energy. Aerospace, defense and government revenue grew 14% to $339 million as spending shifted toward lower-cost autonomous platforms, including UAVs and low earth orbit satellite constellations built by venture-funded defense technology firms.
Profitability expanded right alongside the growth: operating margin hit 33.2%, up 820 basis points and above the company's long-term target range of 31% to 32%, while free cash flow rose to $403 million from $291 million a year earlier. The company also added nearly 3,000 new customers so far this fiscal year, a group that has already contributed more than $100 million in new business, and said July was its busiest month yet for incoming sales opportunities, pushing the trailing 12-month pipeline to a record. Further out, the 3GPP standards body confirmed in June that the first 6G standard is targeted for March 2029, a milestone management said is already moving customers from exploratory research into funded development work.
CFO Neil Dougherty tempered the enthusiasm, warning that supply availability remains "a governor of our ability to convert demand into revenue" over the next several quarters, meaning orders are outrunning what the company can actually ship and book as revenue right now. He also noted that one-time tariff impacts in fiscal 2026 inflated this year's profitability in ways that are not expected to repeat in fiscal 2027. That combination, a backlog constrained by supply and a margin base partly lifted by tariffs, complicates how much of this quarter's strength carries forward unchanged. The integration of recent acquisitions is also still working through the system.
#quarter #billion #m
Orders reached $2.091 billion in the quarter, up 56% on a reported basis, the second straight quarter above the $2 billion mark. Wireline orders more than doubled year over year as customers scaled out AI data center infrastructure, and Commercial Communications crossed $1 billion in quarterly revenue for the first time, up 56%, while revenue from wireline products outpaced wireless within that segment for the first time. The Electronic Industrial Solutions Group posted a record $501 million in revenue, up 21%, with double-digit order growth across general electronics, semiconductors, and automotive and energy. Aerospace, defense and government revenue grew 14% to $339 million as spending shifted toward lower-cost autonomous platforms, including UAVs and low earth orbit satellite constellations built by venture-funded defense technology firms.
Profitability expanded right alongside the growth: operating margin hit 33.2%, up 820 basis points and above the company's long-term target range of 31% to 32%, while free cash flow rose to $403 million from $291 million a year earlier. The company also added nearly 3,000 new customers so far this fiscal year, a group that has already contributed more than $100 million in new business, and said July was its busiest month yet for incoming sales opportunities, pushing the trailing 12-month pipeline to a record. Further out, the 3GPP standards body confirmed in June that the first 6G standard is targeted for March 2029, a milestone management said is already moving customers from exploratory research into funded development work.
CFO Neil Dougherty tempered the enthusiasm, warning that supply availability remains "a governor of our ability to convert demand into revenue" over the next several quarters, meaning orders are outrunning what the company can actually ship and book as revenue right now. He also noted that one-time tariff impacts in fiscal 2026 inflated this year's profitability in ways that are not expected to repeat in fiscal 2027. That combination, a backlog constrained by supply and a margin base partly lifted by tariffs, complicates how much of this quarter's strength carries forward unchanged. The integration of recent acquisitions is also still working through the system.
#quarter #billion #m
2 months ago
Keysight Technologies, Inc. (NYSE:KEYS) delivered a fiscal third quarter that made AI testing look increasingly central to its growth story. Revenue increased 36.5% to $1.846 billion, while non-GAAP earnings rose 79% to $3.07 per share and exceeded consensus estimates. Management forecast fourth-quarter non-GAAP earnings of $3.34 to $3.40 per share and revenue of $1.93 billion to $1.95 billion, both above consensus estimates. Shares gained nearly 5% after hours on August 18.
The question is whether Keysight Technologies, Inc. (NYSE:KEYS) is entering a durable expansion or benefiting from a concentrated wave of AI data-center investment. Orders increased 56% to $2.091 billion, marking the second consecutive quarter above $2 billion and extending visibility beyond revenue already recognized.
Communications Solutions Group revenue reached $1.345 billion, up 43% on a reported basis and 36% on a core basis. Keysight's core measure excludes currency effects and acquisitions or divestitures completed during the preceding 12 months. Commercial communications revenue surged 56% to $1.006 billion, while aerospace, defense and government revenue rose 14%. Electronic Industrial Solutions Group revenue increased 21%.
Keysight Technologies, Inc. (NYSE:KEYS) participates across the AI infrastructure development process, from pre-silicon design and chip validation to testing transceivers, high-speed networks, servers and complete data-center systems. Faster interconnects and more complex architectures create additional validation requirements at each stage.
That breadth means Keysight Technologies, Inc. (NYSE:KEYS) is not dependent on the commercial success of one chip or networking product. Customers must test compatibility, performance, power efficiency, and security as systems move from design into deployment. Those requirements can continue through successive hardware transitions even as leadership changes among individual suppliers.
#keysight #keys #gaap
The question is whether Keysight Technologies, Inc. (NYSE:KEYS) is entering a durable expansion or benefiting from a concentrated wave of AI data-center investment. Orders increased 56% to $2.091 billion, marking the second consecutive quarter above $2 billion and extending visibility beyond revenue already recognized.
Communications Solutions Group revenue reached $1.345 billion, up 43% on a reported basis and 36% on a core basis. Keysight's core measure excludes currency effects and acquisitions or divestitures completed during the preceding 12 months. Commercial communications revenue surged 56% to $1.006 billion, while aerospace, defense and government revenue rose 14%. Electronic Industrial Solutions Group revenue increased 21%.
Keysight Technologies, Inc. (NYSE:KEYS) participates across the AI infrastructure development process, from pre-silicon design and chip validation to testing transceivers, high-speed networks, servers and complete data-center systems. Faster interconnects and more complex architectures create additional validation requirements at each stage.
That breadth means Keysight Technologies, Inc. (NYSE:KEYS) is not dependent on the commercial success of one chip or networking product. Customers must test compatibility, performance, power efficiency, and security as systems move from design into deployment. Those requirements can continue through successive hardware transitions even as leadership changes among individual suppliers.
#keysight #keys #gaap
3 months ago
Madison Investments, an investment advisor, released its second-quarter 2026 investor letter for the "Madison Large Cap Fund". A copy of the letter can be downloaded here. In the second quarter, U.S. stock market indices achieved their best performance since 2020, driven largely by a narrow group of Artificial Intelligence-related stocks. As in the pandemic's early days, investors are fixated on who will benefit from AI, reminiscent of the late 1990s internet bubble. Against this backdrop, The Madison Large Cap Fund (class I) returned 8.4% in the second quarter of 2026, compared to a 15.2% increase in the S&P 500 Index. The current market's extreme narrowness is concerning, and history suggests this won't persist. While AI is reshaping society and the economy, today's winners may not remain so, and booms could lead to busts. Additionally, factors such as a volatile federal administration, growing budget deficits, inflation, high interest rates, and strained consumer finances will significantly impact the economy and stock market in the future. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Madison Large Cap Fund highlighted Keysight Technologies, Inc. (NYSE:KEYS). Keysight Technologies, Inc. (NYSE:KEYS) is a technology company that designs and manufactures electronic design and test solutions serving the communications, electronics, and aerospace and defense (A&D) industries. On August 19, 2026, Keysight Technologies, Inc. (NYSE:KEYS) closed at $319.45 per share. The one-month return of Keysight Technologies, Inc. (NYSE:KEYS) was -2.24%, and its shares gained 97.92% over the past 52 weeks. Keysight Technologies, Inc. (NYSE:KEYS) has a market capitalization of $54.59 billion.
Madison Large Cap Fund stated the following regarding Keysight Technologies, Inc. (NYSE:KEYS) in its Q2 2026 investor letter:
"Electronic test and measurement company Keysight Technologies, Inc. (NYSE:KEYS) again reported strong quarterly results and an even better outlook. Along with Keysight's core end markets remaining strong, it is benefiting from growing demand for AI-specific use cases in optical and electrical equipment."
Keysight Technologies, Inc. (NYSE:KEYS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 66 hedge fund portfolios held Keysight Technologies, Inc. (NYSE:KEYS) at the end of the first quarter, up from 51 in the previous quarter. Keysight Technologies, Inc. (NYSE:KEYS) revenue grew 31% on a reported basis in the second quarter of fiscal 2026 to $1.72 billion. While we acknowledge the potential of Keysight Technologies, Inc. (NYSE:KEYS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on t
In its Q2 2026 investor letter, Madison Large Cap Fund highlighted Keysight Technologies, Inc. (NYSE:KEYS). Keysight Technologies, Inc. (NYSE:KEYS) is a technology company that designs and manufactures electronic design and test solutions serving the communications, electronics, and aerospace and defense (A&D) industries. On August 19, 2026, Keysight Technologies, Inc. (NYSE:KEYS) closed at $319.45 per share. The one-month return of Keysight Technologies, Inc. (NYSE:KEYS) was -2.24%, and its shares gained 97.92% over the past 52 weeks. Keysight Technologies, Inc. (NYSE:KEYS) has a market capitalization of $54.59 billion.
Madison Large Cap Fund stated the following regarding Keysight Technologies, Inc. (NYSE:KEYS) in its Q2 2026 investor letter:
"Electronic test and measurement company Keysight Technologies, Inc. (NYSE:KEYS) again reported strong quarterly results and an even better outlook. Along with Keysight's core end markets remaining strong, it is benefiting from growing demand for AI-specific use cases in optical and electrical equipment."
Keysight Technologies, Inc. (NYSE:KEYS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 66 hedge fund portfolios held Keysight Technologies, Inc. (NYSE:KEYS) at the end of the first quarter, up from 51 in the previous quarter. Keysight Technologies, Inc. (NYSE:KEYS) revenue grew 31% on a reported basis in the second quarter of fiscal 2026 to $1.72 billion. While we acknowledge the potential of Keysight Technologies, Inc. (NYSE:KEYS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on t
3 months ago
Keysight Technologies, Inc. (KEYS) provides electronic design and test solutions worldwide. The company has a market capitalization of $56 billion and operates through the Communications Solutions Group and Electronic Industrial Solutions Group segments. The company is expected to release its Q3 2026 earnings soon.
Ahead of the event, ****** ysts expect the company's EPS to be $2.16 on a diluted basis, up 40.3% from $1.54 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
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Ahead of the event, ****** ysts expect the company's EPS to be $2.16 on a diluted basis, up 40.3% from $1.54 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
Dear ****** eX Stock Fans, Mark Your Calendars for July 23
The Biggest Risk to ****** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
#solutions #company #group #keysight
4 months ago
Antipodes Partners published its "Antipodes Global Strategy" first-quarter 2026 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. The first quarter of 2026 was highly volatile. Early optimism shifted to a historic energy shock caused by US-Israeli strikes on Iran. Global equities dropped 3.2% in USD, with US equities falling 4.6%, and value stocks outperformed growth stocks as the rotation away from mega-cap tech accelerated due to AI fears. The strategy outperformed the benchmark over the quarter and the 12 months to March 31, 2026. Exposure in North America, Korea, Western Europe, and Latin America regions boosted performance, while Canada and the UK lagged. Energy, consumer discretionary, industrials, and healthcare sectors led the performance, while financials, real estate, and materials lagged. To manage risk, the firm increased its holdings in defensive sectors during the quarter. For insights into their key selections for 2026, please review the Strategy's top five holdings.
In its first-quarter 2026 investor letter, Antipodes Global Strategy highlighted Keysight Technologies, Inc. (NYSE:KEYS) as a notable contributor. Keysight Technologies, Inc. (NYSE:KEYS) is a technology company that designs and manufactures electronic design and test solutions for communications, electronics, and aerospace and defense (A&D) industries. On June 24, 2026, Keysight Technologies, Inc. (NYSE:KEYS) closed at $351.30 per share. One-month return of Keysight Technologies, Inc. (NYSE:KEYS) was 3.59%, and its shares gained 112.99% over the past 52 weeks. Keysight Technologies, Inc. (NYSE:KEYS) has a market capitalization of $60.04 billion.
Antipodes Global Strategy stated the following regarding Keysight Technologies, Inc. (NYSE:KEYS) in its Q1 2026 investor letter:
"Electronics testing company Keysight Technologies, Inc. (NYSE:KEYS) pushed higher following a Q1 FY26 earnings beat and raised outlook. The company reported revenue and EPS exceeding forecasts, demonstrating accelerating demand across communications, aerospace/defence and semiconductor testing markets. Results were supported by strong order growth (~22 % year-on-year) and improving backlog, which led to an uplift in earnings expectations. Management highlighted structural drivers including AI infrastructure, next-generation connectivity and defence modernisation as key tailwinds."
Keysight Technologies, Inc. (NYSE:KEYS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 66 hedge fund portfolios held Keysight Technologies, Inc. (NYSE:KEYS) at the end of the fourth quarter, up from 51 in the previous quarter. Keysight Technologies, Inc. (NYSE:KEYS) revenue grew 31% on a reported basis in the second quarter of fiscal 2026 to $1.72 billion. While we acknowledge the potential of Keysight Technologies, Inc. (NYSE:KEYS) as an investment, we believe cer
In its first-quarter 2026 investor letter, Antipodes Global Strategy highlighted Keysight Technologies, Inc. (NYSE:KEYS) as a notable contributor. Keysight Technologies, Inc. (NYSE:KEYS) is a technology company that designs and manufactures electronic design and test solutions for communications, electronics, and aerospace and defense (A&D) industries. On June 24, 2026, Keysight Technologies, Inc. (NYSE:KEYS) closed at $351.30 per share. One-month return of Keysight Technologies, Inc. (NYSE:KEYS) was 3.59%, and its shares gained 112.99% over the past 52 weeks. Keysight Technologies, Inc. (NYSE:KEYS) has a market capitalization of $60.04 billion.
Antipodes Global Strategy stated the following regarding Keysight Technologies, Inc. (NYSE:KEYS) in its Q1 2026 investor letter:
"Electronics testing company Keysight Technologies, Inc. (NYSE:KEYS) pushed higher following a Q1 FY26 earnings beat and raised outlook. The company reported revenue and EPS exceeding forecasts, demonstrating accelerating demand across communications, aerospace/defence and semiconductor testing markets. Results were supported by strong order growth (~22 % year-on-year) and improving backlog, which led to an uplift in earnings expectations. Management highlighted structural drivers including AI infrastructure, next-generation connectivity and defence modernisation as key tailwinds."
Keysight Technologies, Inc. (NYSE:KEYS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 66 hedge fund portfolios held Keysight Technologies, Inc. (NYSE:KEYS) at the end of the fourth quarter, up from 51 in the previous quarter. Keysight Technologies, Inc. (NYSE:KEYS) revenue grew 31% on a reported basis in the second quarter of fiscal 2026 to $1.72 billion. While we acknowledge the potential of Keysight Technologies, Inc. (NYSE:KEYS) as an investment, we believe cer
5 months ago
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the "Madison Large Cap Fund". A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500's -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw a shift in the equity market beyond the mega-cap technology stocks into physical economy stocks, influenced by fears of AI disruption. Additionally, rising commodity prices due to the Middle East conflict reignited inflation concerns, benefiting sectors such as Energy, Materials, Utilities, Staples, and Real Estate, which the Fund does not invest in, impacting its relative performance. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted PACCAR Inc (NASDAQ:PCAR). PACCAR Inc (NASDAQ:PCAR) is a leading technology and manufacturing company specializing in light, medium, and heavy-duty commercial trucks. On June 15, 2026, PACCAR Inc (NASDAQ:PCAR) closed at $120.69 per share. One-month return of PACCAR Inc (NASDAQ:PCAR) was 10.34%, and its shares gained 32.48% over the past 52 weeks. PACCAR Inc (NASDAQ:PCAR) has a market capitalization of $63.52 billion.
Madison Large Cap Fund stated the following regarding PACCAR Inc (NASDAQ:PCAR) in its Q1 2026 investor letter:
"The top five contributors for the quarter were Keysight Technologies, **** og Devices, Texas Instruments, Deere, and PACCAR Inc (NASDAQ:PCAR). Deere and PACCAR were also strong contributors in the quarter. While end market conditions remain subdued in agriculture equipment and commercial trucking, it appears that the worst of the recent downcycle is likely behind us. Furthermore, Deere and PACCAR stocks also benefited from investors favoring the "HALO trade" during the quarter. As a result, we modestly trimmed our holdings in both companies when valuations, in our view, began to incorporate a recovery in profits."
PACCAR Inc (NASDAQ:PCAR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held PACCAR Inc (NASDAQ:PCAR) at the end of the first quarter, up from 33 in the previous quarter. In Q1 2026, PACCAR Inc (NASDAQ:PCAR) achieved revenues of $6.8 billion and net income of $605 million. While we acknowledge the potential of PACCAR Inc (NASDAQ:PCAR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted PACCAR Inc (NASDAQ:PCAR). PACCAR Inc (NASDAQ:PCAR) is a leading technology and manufacturing company specializing in light, medium, and heavy-duty commercial trucks. On June 15, 2026, PACCAR Inc (NASDAQ:PCAR) closed at $120.69 per share. One-month return of PACCAR Inc (NASDAQ:PCAR) was 10.34%, and its shares gained 32.48% over the past 52 weeks. PACCAR Inc (NASDAQ:PCAR) has a market capitalization of $63.52 billion.
Madison Large Cap Fund stated the following regarding PACCAR Inc (NASDAQ:PCAR) in its Q1 2026 investor letter:
"The top five contributors for the quarter were Keysight Technologies, **** og Devices, Texas Instruments, Deere, and PACCAR Inc (NASDAQ:PCAR). Deere and PACCAR were also strong contributors in the quarter. While end market conditions remain subdued in agriculture equipment and commercial trucking, it appears that the worst of the recent downcycle is likely behind us. Furthermore, Deere and PACCAR stocks also benefited from investors favoring the "HALO trade" during the quarter. As a result, we modestly trimmed our holdings in both companies when valuations, in our view, began to incorporate a recovery in profits."
PACCAR Inc (NASDAQ:PCAR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held PACCAR Inc (NASDAQ:PCAR) at the end of the first quarter, up from 33 in the previous quarter. In Q1 2026, PACCAR Inc (NASDAQ:PCAR) achieved revenues of $6.8 billion and net income of $605 million. While we acknowledge the potential of PACCAR Inc (NASDAQ:PCAR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
5 months ago
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the "Madison Large Cap Fund". A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500's -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw a shift in the equity market beyond the mega-cap technology stocks into physical economy stocks, influenced by fears of AI disruption. Additionally, rising commodity prices due to the Middle East conflict reignited inflation concerns, benefiting sectors such as Energy, Materials, Utilities, Staples, and Real Estate, which the Fund does not invest in, impacting its relative performance. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted Deere & Company (NYSE:DE). Deere & Company (NYSE:DE) is a leading industrial company that manufactures and distributes equipment used in agriculture, construction, forestry, and turf care. On June 15, 2026, Deere & Company (NYSE:DE) closed at $575.47 per share. One-month return of Deere & Company (NYSE:DE) was 3.12%, and its shares gained 10.01% over the past 52 weeks. Deere & Company (NYSE:DE) has a market capitalization of $155.34 billion.
Madison Large Cap Fund stated the following regarding Deere & Company (NYSE:DE) in its Q1 2026 investor letter:
"The top five contributors for the quarter were Keysight Technologies, ****** og Devices, Texas Instruments, Deere & Company (NYSE:DE), and PACCAR. Deere and PACCAR were also strong contributors in the quarter. While end market conditions remain subdued in agriculture equipment and commercial trucking, it appears that the worst of the recent downcycle is likely behind us. Furthermore, Deere and PACCAR stocks also benefited from investors favoring the "HALO trade" during the quarter. As a result, we modestly trimmed our holdings in both companies when valuations, in our view, began to incorporate a recovery in profits."
Deere & Company (NYSE:DE) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 62 hedge fund portfolios held Deere & Company (NYSE:DE) at the end of the first quarter, up from 60 in the previous quarter. While we acknowledge the potential of Deere & Company (NYSE:DE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted Deere & Company (NYSE:DE). Deere & Company (NYSE:DE) is a leading industrial company that manufactures and distributes equipment used in agriculture, construction, forestry, and turf care. On June 15, 2026, Deere & Company (NYSE:DE) closed at $575.47 per share. One-month return of Deere & Company (NYSE:DE) was 3.12%, and its shares gained 10.01% over the past 52 weeks. Deere & Company (NYSE:DE) has a market capitalization of $155.34 billion.
Madison Large Cap Fund stated the following regarding Deere & Company (NYSE:DE) in its Q1 2026 investor letter:
"The top five contributors for the quarter were Keysight Technologies, ****** og Devices, Texas Instruments, Deere & Company (NYSE:DE), and PACCAR. Deere and PACCAR were also strong contributors in the quarter. While end market conditions remain subdued in agriculture equipment and commercial trucking, it appears that the worst of the recent downcycle is likely behind us. Furthermore, Deere and PACCAR stocks also benefited from investors favoring the "HALO trade" during the quarter. As a result, we modestly trimmed our holdings in both companies when valuations, in our view, began to incorporate a recovery in profits."
Deere & Company (NYSE:DE) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 62 hedge fund portfolios held Deere & Company (NYSE:DE) at the end of the first quarter, up from 60 in the previous quarter. While we acknowledge the potential of Deere & Company (NYSE:DE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
