Geode Capital Management LLC Sells 74,141 Shares of Viavi Solutions Inc. $VIAV

Geode Capital Management LLC lowered its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,346,077 shares of the communications equipment provider’s stock after selling 74,141 shares during the period. Geode Capital Management LLC owned 2.39% of Viavi Solutions worth $53,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Family Legacy Financial Solutions LLC bought a new stake in Viavi Solutions during the second quarter worth $43,000. AlphaQuest LLC acquired a new position in shares of Viavi Solutions during the 1st quarter worth about $55,000. Quarry LP raised its holdings in shares of Viavi Solutions by 481.2% in the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider’s stock valued at $106,000 after purchasing an additional 7,824 shares during the period. Worth Venture Partners LLC acquired a new stake in Viavi Solutions in the 1st quarter valued at about $112,000. Finally, Park Avenue Securities LLC bought a new position in Viavi Solutions during the second quarter worth about $109,000. 95.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on VIAV shares. Susquehanna upgraded Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective on the stock in a research note on Friday, August 8th. Argus increased their price target on Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. B. Riley raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, October 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of Viavi Solutions in a report on Monday, October 13th. Finally, UBS Group increased their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.89.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Keith Barnes sold 121,467 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $18.18, for a total transaction of $2,208,270.06. Following the transaction, the director owned 27,213 shares in the company, valued at $494,732.34. This trade represents a 81.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 11,873 shares of Viavi Solutions stock in a transaction on Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $132,740.14. Following the completion of the transaction, the senior vice president directly owned 66,836 shares of the company’s stock, valued at $747,226.48. This represents a 15.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 322,719 shares of company stock valued at $5,263,292. 1.80% of the stock is currently owned by company insiders.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV opened at $16.55 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 236.43 and a beta of 0.96. The stock’s fifty day moving average price is $14.36 and its two-hundred day moving average price is $11.66. Viavi Solutions Inc. has a one year low of $8.10 and a one year high of $18.46.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.68%. The company had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. Viavi Solutions’s quarterly revenue was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, equities analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current year.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.