State of Wyoming Buys 31,215 Shares of Viavi Solutions Inc. $VIAV

Key Points

• The State of Wyoming increased its stake in Viavi Solutions Inc. by 342.5%, acquiring an additional 31,215 shares and bringing its total holdings to 40,330 shares, valued at around $451,000.
• Several other hedge funds also invested in Viavi Solutions during the first quarter, with institutional investors collectively owning 95.54% of the company's stock.
• Viavi Solutions reported a 15.3% year-over-year revenue increase for the quarter, with earnings per share of $0.13, surpassing expectations of $0.12.

State of Wyoming boosted its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 342.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,330 shares of the communications equipment provider's stock after buying an additional 31,215 shares during the quarter. State of Wyoming's holdings in Viavi Solutions were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas purchased a new stake in shares of Viavi Solutions during the first quarter valued at approximately $53,000. AlphaQuest LLC purchased a new stake in shares of Viavi Solutions during the first quarter valued at approximately $55,000. First Horizon Advisors Inc. boosted its stake in shares of Viavi Solutions by 29.1% during the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after purchasing an additional 1,138 shares during the period. Worth Venture Partners LLC purchased a new stake in shares of Viavi Solutions during the first quarter valued at approximately $112,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Viavi Solutions by 31.3% during the first quarter. Smartleaf Asset Management LLC now owns 10,928 shares of the communications equipment provider's stock valued at $123,000 after purchasing an additional 2,605 shares during the period. Hedge funds and other institutional investors own 95.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on VIAV shares. B. Riley increased their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Morgan Stanley raised their price target on Viavi Solutions from $8.60 to $9.30 and gave the stock an "underweight" rating in a research note on Monday, August 11th. Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. UBS Group raised their price target on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a research note on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.31.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $11.28 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 firm has a market capitalization of $2.52 billion, a P/E ratio of 70.50 and a beta of 0.87. The business has a fifty day simple moving average of $10.40 and a two-hundred day simple moving average of $10.30. Viavi Solutions Inc. has a 12 month low of $7.80 and a 12 month high of $12.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $285.19 million. During the same quarter last year, the firm posted $0.08 earnings per share. The company'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. On average, equities analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the completion of the sale, the director directly owned 242,311 shares in the company, valued at approximately $2,427,956.22. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.52% of the company's stock.

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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