NFJ Investment Group LLC Sells 19,283 Shares of Viavi Solutions Inc. $VIAV

NFJ Investment Group LLC cut its position in Viavi Solutions Inc. (NASDAQ:VIAVFree Report) by 8.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 207,360 shares of the communications equipment provider’s stock after selling 19,283 shares during the period. NFJ Investment Group LLC’s holdings in Viavi Solutions were worth $3,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Phocas Financial Corp. bought a new position in shares of Viavi Solutions in the fourth quarter valued at $3,772,000. Jefferies Financial Group Inc. bought a new position in shares of Viavi Solutions in the fourth quarter valued at $1,803,000. Fisher Asset Management LLC grew its stake in shares of Viavi Solutions by 14.2% in the third quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock valued at $5,956,000 after buying an additional 58,364 shares in the last quarter. Tensor Edge Capital LLC bought a new position in shares of Viavi Solutions in the fourth quarter valued at $2,673,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Viavi Solutions by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider’s stock valued at $5,087,000 after buying an additional 72,930 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of Viavi Solutions stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $51.82, for a total value of $7,075,865.54. Following the completion of the sale, the chief executive officer owned 1,188,798 shares in the company, valued at $61,603,512.36. The trade was a 10.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total transaction of $445,935.10. Following the completion of the sale, the senior vice president owned 20,129 shares of the company’s stock, valued at $1,087,368.58. This trade represents a 29.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is currently owned by insiders.

Viavi Solutions Stock Performance

VIAV stock opened at $53.46 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The company has a fifty day moving average price of $47.36 and a two-hundred day moving average price of $32.15. Viavi Solutions Inc. has a one year low of $9.08 and a one year high of $60.43. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of -222.74 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. During the same period in the previous year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities analysts anticipate that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VIAV. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. B. Riley Financial lifted their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. UBS Group lifted their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Susquehanna lifted their price objective on shares of Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC lifted their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $42.75.

Check Out Our Latest Research Report on Viavi Solutions

About Viavi Solutions

(Free Report)

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.

Further Reading

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Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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