JPMorgan Chase & Co. Has $5.09 Million Stock Position in Viavi Solutions Inc. $VIAV

Key Points

• JPMorgan Chase raised its stake in Viavi by 22.2% in Q3, buying 72,930 shares to hold 400,886 shares valued at about $5.09 million (roughly 0.18% of the company).
• Viavi beat quarterly estimates with EPS of $0.22 (vs. $0.19 est.) and revenue of $369.3M (vs. $365.3M est.), with revenue up 36.4% year-over-year and the stock trading up about 6.1% at $35.30.
• Insiders have been net sellers (CEO sold 74,315 shares and insiders sold 485,772 shares worth ~$12.74M in the last 90 days), while analysts hold a consensus "Moderate Buy" rating with a $25 average price target amid mixed individual views.

JPMorgan Chase & Co. increased its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 22.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 400,886 shares of the communications equipment provider's stock after buying an additional 72,930 shares during the quarter. JPMorgan Chase & Co. owned 0.18% of Viavi Solutions worth $5,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VIAV. GAMMA Investing LLC increased its holdings in shares of Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider's stock worth $42,000 after acquiring an additional 825 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Viavi Solutions during the third quarter worth about $44,000. Covestor Ltd lifted its holdings in shares of Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider's stock valued at $46,000 after purchasing an additional 676 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider's stock valued at $47,000 after purchasing an additional 898 shares during the period. Finally, Swiss Life Asset Management Ltd acquired a new position in shares of Viavi Solutions in the 3rd quarter valued at approximately $133,000. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Up 6.1%

Shares of Viavi Solutions stock opened at $35.30 on Thursday. The business's 50 day simple moving average is $28.73 and its 200 day simple moving average is $20.47. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $38.08. The firm has a market cap of $8.17 billion, a PE ratio of -196.10 and a beta of 0.85. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Susquehanna raised their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a "positive" rating in a report on Thursday, January 29th. Stifel Nicolaus upped their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Wall Street Zen downgraded shares of Viavi Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Rosenblatt Securities raised their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Viavi Solutions in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $25.00.

Insider Buying and Selling at Viavi Solutions

In related news, CEO Oleg Khaykin sold 74,315 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the completion of the transaction, the chief executive officer owned 1,849,437 shares in the company, valued at approximately $48,973,091.76. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Gary W. Staley sold 24,237 shares of the firm's stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president directly owned 136,267 shares of the company's stock, valued at approximately $3,260,869.31. This trade represents a 15.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 485,772 shares of company stock valued at $12,736,803 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Viavi Solutions Company 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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