Cetera Investment Advisers Reduces Position in Viavi Solutions Inc. $VIAV

Key Points

• Cetera Investment Advisers reduced its stake in Viavi Solutions by 54.7%, selling 33,526 shares and now owning 27,811 shares valued at $311,000.
• Research firms have revised their price targets for Viavi Solutions, with UBS Group and B. Riley setting a new target price of $12.00, while Needham & Company maintains a buy rating with a $15.00 target.
• Viavi Solutions reported a 15.3% year-over-year increase in revenue, announcing $290.50 million for the quarter and earnings per share of $0.13, surpassing estimates.

Cetera Investment Advisers trimmed its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 54.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,811 shares of the communications equipment provider's stock after selling 33,526 shares during the quarter. Cetera Investment Advisers' holdings in Viavi Solutions were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Heritage Family Offices LLP increased its holdings in Viavi Solutions by 7.5% in the 1st quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider's stock worth $168,000 after buying an additional 1,045 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Viavi Solutions by 29.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after acquiring an additional 1,138 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Viavi Solutions by 3.9% in the first quarter. New York State Common Retirement Fund now owns 60,999 shares of the communications equipment provider's stock worth $683,000 after acquiring an additional 2,300 shares during the period. KBC Group NV increased its stake in shares of Viavi Solutions by 38.1% in the first quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider's stock worth $145,000 after acquiring an additional 3,579 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Viavi Solutions by 64.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock worth $95,000 after purchasing an additional 3,684 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Insider Activity at Viavi Solutions

In other news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the sale, the director directly owned 242,311 shares of the company's stock, valued at $2,427,956.22. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by insiders.

Viavi Solutions Price Performance

NASDAQ VIAV traded up $0.32 during trading hours on Friday, reaching $11.10. The company's stock had a trading volume of 4,122,856 shares, compared to its average volume of 3,568,217. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 69.38 and a beta of 0.87. The company's 50-day moving average is $10.21 and its two-hundred day moving average is $10.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30. Viavi Solutions Inc. has a 1-year low of $7.80 and a 1-year high of $12.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates 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 was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. 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.

Analysts Set New Price Targets

Several research firms have commented on VIAV. Susquehanna raised shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target on the stock in a report on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of Viavi Solutions in a report on Friday, May 2nd. UBS Group upped their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Finally, Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.31.

Viavi Solutions 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.