AIA Group Ltd Invests $1.44 Million in Viavi Solutions Inc. $VIAV

Key Points

• AIA Group Ltd opened a new position in Viavi Solutions of 113,623 shares (~$1.44 million) in Q3, joining several other institutions that added stakes and leaving institutional ownership at about 95.54%.
• Company insiders have been net sellers recently — CEO Oleg Khaykin sold 74,315 shares (~$1.97 million) and insiders sold a total of 485,772 shares (~$12.74 million) in the past 90 days, leaving insider ownership at roughly 1.80%.
• Viavi recently beat quarterly EPS and revenue estimates with revenue up 36.4% year-over-year, the stock carries a market cap of $7.27 billion, and analysts' consensus is a "Moderate Buy" with an average target of $25 amid multiple upward price-target revisions.

AIA Group Ltd bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 113,623 shares of the communications equipment provider's stock, valued at approximately $1,442,000. AIA Group Ltd owned about 0.05% of Viavi Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Swiss Life Asset Management Ltd purchased a new stake in shares of Viavi Solutions in the third quarter worth about $133,000. CIBC Bancorp USA Inc. bought a new stake in Viavi Solutions during the third quarter worth approximately $300,000. Hancock Whitney Corp purchased a new stake in Viavi Solutions during the 3rd quarter valued at $320,000. Caxton Associates LLP bought a new stake in Viavi Solutions in the third quarter worth $299,000. Finally, Worth Venture Partners LLC purchased a new position in Viavi Solutions during the third quarter worth $210,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Oleg Khaykin sold 74,315 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total value of $1,967,861.20. Following the sale, the chief executive officer directly owned 1,849,437 shares of the company's stock, valued at $48,973,091.76. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Gary W. Staley sold 24,237 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the sale, the senior vice president owned 136,267 shares of the company's stock, valued at $3,260,869.31. The trade was a 15.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 485,772 shares of company stock valued at $12,736,803. 1.80% of the stock is owned by company insiders.

Viavi Solutions Stock Performance

VIAV opened at $31.44 on Friday. The firm has a fifty day moving average price of $26.16 and a 200 day moving average price of $19.15. Viavi Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $35.61. The stock has a market cap of $7.27 billion, a P/E ratio of -174.63 and a beta of 0.92. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The firm's revenue was up 36.4% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Equities research analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

VIAV has been the topic of several recent analyst reports. B. Riley Financial increased their target price on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Rosenblatt Securities upped their price objective on Viavi Solutions from $27.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday. Susquehanna increased their target price on Viavi Solutions from $18.00 to $25.00 and gave the stock a "positive" rating in a research note on Thursday, January 29th. Needham & Company LLC upped their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Finally, Wall Street Zen lowered shares of Viavi Solutions from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $25.00.

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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