Ardsley Advisory Partners LP purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 440,000 shares of the communications equipment provider’s stock, valued at approximately $7,841,000.
Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after buying an additional 18,910 shares during the last quarter. AQR Capital Management LLC grew its position in Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after purchasing an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after purchasing an additional 5,775 shares during the last quarter. Millennium Management LLC grew its position in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after purchasing an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Viavi Solutions during the 1st quarter valued at about $165,000. 95.54% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. UBS Group raised their target price on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, June 10th. Finally, B. Riley Financial increased their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.75.
Viavi Solutions Stock Down 2.7%
NASDAQ VIAV opened at $48.73 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average of $48.23 and a two-hundred day moving average of $32.85. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of -203.03 and a beta of 1.18. Viavi Solutions Inc. has a 52 week low of $9.18 and a 52 week high of $60.43.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping the consensus estimate 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 company had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. During the same period in the previous year, the firm earned $0.15 earnings per share. Viavi Solutions’s quarterly revenue 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. On average, analysts predict that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.
Insider Buying and Selling at Viavi Solutions
In other news, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction on 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 directly owned 20,129 shares in the company, valued at approximately $1,087,368.58. This trade represents a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Mcnab sold 2,727 shares of Viavi Solutions stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president owned 15,471 shares of the company’s stock, valued at approximately $850,286.16. This trade represents a 14.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is owned by company insiders.
Viavi Solutions Profile
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.
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