First Hawaiian Bank Sells 27,283 Shares of Viavi Solutions Inc. $VIAV

Key Points

• First Hawaiian Bank sold 27,283 shares of Viavi Solutions Inc., reducing its holdings by 23.8% to a total of 87,313 shares valued at approximately $977,000 as of its latest SEC filing.
• Institutional investors currently hold 95.54% of Viavi Solutions' stock, indicating strong institutional interest and involvement in the company.
• Viavi Solutions reported a 15.3% year-over-year increase in revenue, with earnings per share of $0.13, beating analysts' expectations of $0.12.

First Hawaiian Bank reduced its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 23.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,313 shares of the communications equipment provider's stock after selling 27,283 shares during the quarter. First Hawaiian Bank's holdings in Viavi Solutions were worth $977,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Viavi Solutions by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock valued at $340,624,000 after purchasing an additional 540,045 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Viavi Solutions by 0.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider's stock valued at $118,173,000 after purchasing an additional 36,172 shares during the period. Woodline Partners LP boosted its stake in Viavi Solutions by 27.6% in the 1st quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider's stock valued at $49,059,000 after purchasing an additional 948,472 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Viavi Solutions by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider's stock valued at $37,584,000 after purchasing an additional 23,783 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Viavi Solutions by 7,293.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider's stock valued at $34,500,000 after acquiring an additional 3,041,432 shares during the period. 95.54% of the stock is currently owned by institutional investors.

Insider Transactions at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 13,115 shares of the firm's stock in a transaction on Friday, August 29th. The stock was 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 of the company's stock, valued at $795,557.62. This trade represents a 15.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Belluzzo sold 8,385 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.34, for a total value of $95,085.90. Following the completion of the transaction, the director directly owned 225,541 shares of the company's stock, valued at $2,557,634.94. The trade was a 3.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,873 shares of company stock valued at $605,095 over the last three months. Company insiders own 1.52% of the company's stock.

Viavi Solutions Stock Performance

Shares of VIAV opened at $12.03 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 75.19 and a beta of 0.91. The stock has a 50 day moving average of $10.73 and a 200 day moving average of $10.29. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $12.91.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VIAV shares. Rosenblatt Securities reiterated a "buy" rating and set a $13.50 target price on shares of Viavi Solutions in a research report on Friday, June 20th. Morgan Stanley raised Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target for the company in a research note on Tuesday, September 2nd. UBS Group upped their target price on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price on the stock in a research report on Friday, August 8th. Finally, B. Riley increased their price target on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Viavi Solutions has a consensus rating of "Moderate Buy" and an average target price of $13.50.

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.

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