Hsbc Holdings PLC Acquires New Holdings in Viavi Solutions Inc. $VIAV

Hsbc Holdings PLC bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the 2nd quarter, according to its most recent 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VIAV. WPG Advisers LLC raised its stake in shares of Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock valued at $26,000 after acquiring an additional 380 shares during the last quarter. Silvant Capital Management LLC bought a new stake in shares of Viavi Solutions in the second quarter worth $33,000. State of Wyoming acquired a new stake in Viavi Solutions in the fourth quarter valued at $34,000. Persistent Asset Partners Ltd acquired a new stake in Viavi Solutions in the second quarter valued at $38,000. Finally, Carolina Wealth Advisors LLC raised 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 worth $41,000 after purchasing an additional 387 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Stock Up 11.2%

Shares of NASDAQ VIAV opened at $38.75 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The company has a 50-day moving average price of $39.26 and a 200-day moving average price of $41.34. The stock has a market capitalization of $9.56 billion, a P/E ratio of -258.32 and a beta of 1.22. Viavi Solutions Inc. has a 1 year low of $11.55 and a 1 year high of $60.43.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm's revenue was up 52.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Needham & Company LLC reduced their price target on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Susquehanna lifted their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a research note on Wednesday, July 1st. B. Riley Financial reduced their target price on Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Zacks Research raised shares of Viavi Solutions from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Viavi Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Viavi Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $55.43.

Insider Buying and Selling

In other Viavi Solutions news, EVP Ilan Daskal sold 56,290 shares of Viavi Solutions stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the transaction, the executive vice president directly owned 10,132 shares of the company's stock, valued at $367,690.28. The trade was a 84.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura A. Black sold 71,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director 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. Over the last three months, insiders have sold 152,796 shares of company stock worth $6,246,532. 1.80% of the stock is owned by corporate insiders.

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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