Hsbc Holdings PLC bought a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 475,585 shares of the communications equipment provider’s stock, valued at approximately $22,773,000. Hsbc Holdings PLC owned 0.20% of Viavi Solutions as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the business. Silvant Capital Management LLC bought a new position in shares of Viavi Solutions during the second quarter valued at approximately $33,000. WPG Advisers LLC lifted its holdings in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares during the period. Persistent Asset Partners Ltd purchased a new stake in Viavi Solutions during the second quarter worth $38,000. Carolina Wealth Advisors LLC boosted its position in Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 387 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Viavi Solutions during the 2nd quarter valued at $57,000. Institutional investors own 95.54% of the company’s stock.
Insider Buying and Selling at Viavi Solutions
In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares in the company, valued at approximately $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Laura A. Black sold 71,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by insiders.
Viavi Solutions Price Performance
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts predict that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on VIAV shares. UBS Group reduced their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. B. Riley Financial cut their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Stifel Nicolaus boosted their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Susquehanna boosted their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.88.
View Our Latest Stock Report on Viavi Solutions
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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