Tributary Capital Management LLC Reduces Stock Position in Viavi Solutions Inc. $VIAV

Key Points

• Tributary Capital Management LLC reduced its holdings in Viavi Solutions Inc. by 7.2%, now owning approximately 1.14 million shares valued at about $11.5 million.
• Analysts have mixed ratings for Viavi Solutions, with a consensus rating of "Moderate Buy" and an average target price of $13.72.
• Insider sales include significant transactions by SVP Kevin Siebert and Director Richard Belluzzo, collectively decreasing their positions in the company.

Tributary Capital Management LLC reduced its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 7.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,144,312 shares of the communications equipment provider's stock after selling 88,906 shares during the period. Tributary Capital Management LLC owned approximately 0.51% of Viavi Solutions worth $11,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC purchased a new position in shares of Viavi Solutions during the 2nd quarter worth about $43,000. AlphaQuest LLC purchased a new position in shares of Viavi Solutions during the 1st quarter worth about $55,000. First Horizon Advisors Inc. boosted its stake in shares of Viavi Solutions by 29.1% during the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after purchasing an additional 1,138 shares during the period. Quarry LP boosted its stake in shares of Viavi Solutions by 481.2% during the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock worth $106,000 after purchasing an additional 7,824 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in shares of Viavi Solutions during the 2nd quarter worth about $109,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VIAV has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Viavi Solutions in a research note on Wednesday, October 8th. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective for the company in a report on Friday, August 8th. Morgan Stanley upgraded shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective for the company in a report on Tuesday, September 2nd. B. Riley lifted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, UBS Group lifted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.72.

Viavi Solutions Trading Down 0.8%

NASDAQ:VIAV opened at $13.23 on Thursday. Viavi Solutions Inc. has a one year low of $8.10 and a one year high of $13.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. The firm has a market cap of $2.95 billion, a P/E ratio of 82.69 and a beta of 0.90. The firm has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $10.59.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings results 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 net margin of 3.21% and a return on equity of 8.02%. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $285.19 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company's quarterly revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Equities analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 9,927 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $12.17, for a total transaction of $120,811.59. Following the sale, the senior vice president owned 84,598 shares of the company's stock, valued at approximately $1,029,557.66. The trade was a 10.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Belluzzo sold 8,387 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $12.63, for a total transaction of $105,927.81. Following the sale, the director directly owned 217,154 shares in the company, valued at approximately $2,742,655.02. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,789 shares of company stock worth $857,189. 1.80% of the stock is currently owned by corporate insiders.

Viavi Solutions 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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