Knights of Columbus Asset Advisors LLC Sells 74,712 Shares of Viavi Solutions Inc. $VIAV

Key Points

• Knights of Columbus Asset Advisors cut its Viavi Solutions stake by 33.4% in the fourth quarter, selling 74,712 shares and leaving it with 149,302 shares valued at about $2.66 million.
• Viavi posted stronger-than-expected quarterly results, reporting $0.27 EPS on $406.8 million in revenue, both above estimates, with revenue up 42.8% year over year.
• Analyst sentiment remains constructive, with six Buy ratings and three Hold ratings, and a consensus price target of $39.25, though the stock recently traded well above that level at $53.06.

Knights of Columbus Asset Advisors LLC decreased its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,302 shares of the communications equipment provider's stock after selling 74,712 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.06% of Viavi Solutions worth $2,661,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in Viavi Solutions in the third quarter worth about $44,000. Covestor Ltd raised its position in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider's stock worth $46,000 after acquiring an additional 676 shares during the period. Hantz Financial Services Inc. raised its position in Viavi Solutions by 86.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider's stock worth $51,000 after acquiring an additional 1,317 shares during the period. GAMMA Investing LLC raised its position in shares of Viavi Solutions by 25.8% in the fourth quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider's stock valued at $73,000 after purchasing an additional 845 shares during the period. Finally, Swiss Life Asset Management Ltd bought a new stake in shares of Viavi Solutions in the third quarter valued at approximately $133,000. Institutional investors own 95.54% of the company's stock.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $53.06 on Thursday. The company has a 50 day moving average of $43.54 and a 200 day moving average of $29.38. The stock has a market cap of $12.41 billion, a P/E ratio of -221.07 and a beta of 1.22. Viavi Solutions Inc. has a 12 month low of $8.87 and a 12 month high of $60.43. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to analysts' expectations of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. Viavi Solutions's revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In related news, Director Doug Gilstrap sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director owned 55,766 shares of the company's stock, valued at approximately $3,067,130. The trade was a 15.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the business's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $54.02, for a total transaction of $445,935.10. Following the transaction, the senior vice president directly owned 20,129 shares of the company's stock, valued at approximately $1,087,368.58. This represents a 29.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 461,184 shares of company stock valued at $24,158,554 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VIAV shares. Rosenblatt Securities boosted their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, March 18th. B. Riley Financial boosted their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Stifel Nicolaus boosted their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Susquehanna boosted their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a "positive" rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC boosted their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.25.

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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