168,150 Shares in Viavi Solutions Inc. $VIAV Bought by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC acquired 168,150 shares of Viavi Solutions, valued at approximately $1,721,000, representing about 0.08% of the company.
• Analysts have set a consensus price target of $13.50 for Viavi Solutions, with ratings varying from "neutral" to "buy" from multiple firms.
• Viavi Solutions reported an EPS of $0.13 for the last quarter, exceeding expectations, with revenue increasing by 15.3% compared to the previous year.

Kingstone Capital Partners Texas LLC purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 168,150 shares of the communications equipment provider's stock, valued at approximately $1,721,000. Kingstone Capital Partners Texas LLC owned 0.08% of Viavi Solutions at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Family Legacy Financial Solutions LLC bought a new stake in shares of Viavi Solutions during the 2nd quarter worth $43,000. USA Financial Formulas bought a new position in shares of Viavi Solutions during the 1st quarter valued at about $53,000. AlphaQuest LLC bought a new position in Viavi Solutions in the first quarter valued at $55,000. First Horizon Advisors Inc. lifted its stake in shares of Viavi Solutions by 29.1% during the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after buying an additional 1,138 shares during the last quarter. Finally, Quarry LP lifted its position in Viavi Solutions by 481.2% during the first quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock worth $106,000 after purchasing an additional 7,824 shares during the period. 95.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VIAV has been the subject of several recent research reports. B. Riley boosted their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Rosenblatt Securities reissued a "buy" rating and set a $13.50 price objective on shares of Viavi Solutions in a research note on Friday, June 20th. UBS Group boosted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Morgan Stanley raised shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective for the company in a research note on Tuesday, September 2nd. Finally, Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target on the stock in a research note on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Viavi Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $13.50.

Insider Transactions at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 11,873 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $132,740.14. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Christopher Siebert sold 13,115 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $146,625.70. Following the completion of the transaction, the senior vice president directly owned 71,159 shares in the company, valued at $795,557.62. The trade was a 15.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,873 shares of company stock valued at $605,095 in the last three months. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Trading Up 1.1%

NASDAQ:VIAV traded up $0.14 during mid-day trading on Monday, reaching $12.38. The company's stock had a trading volume of 2,687,411 shares, compared to its average volume of 2,796,048. The stock has a market cap of $2.76 billion, a P/E ratio of 77.38 and a beta of 0.91. 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 company's fifty day simple moving average is $10.96 and its two-hundred day simple moving average is $10.34. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $12.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $290.50 million for the quarter, compared to analysts' expectations of $285.19 million. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The business's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, equities analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Viavi Solutions Company Profile

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.