Vanguard Group Inc. Trims Holdings in Viavi Solutions Inc. $VIAV

Key Points

• Vanguard trimmed its stake in Viavi by 3%, selling 909,054 shares to hold 29,303,129 shares (about 13.13% ownership) valued at roughly $522.2 million at quarter-end.
• Company insiders have sold a total of 432,286 shares (≈$11.59 million) in the past three months, including sales by Director Richard Belluzzo and SVP Gary Staley, leaving insiders with about 1.80% ownership.
• Viavi beat quarterly expectations with $0.27 EPS vs $0.24 and revenue of $406.8M (up 42.8% YoY); analysts have lifted price targets (average ≈ $39.25, some up to $65) amid mixed Buy/Hold ratings.

Vanguard Group Inc. decreased its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,303,129 shares of the communications equipment provider's stock after selling 909,054 shares during the quarter. Vanguard Group Inc. owned about 13.13% of Viavi Solutions worth $522,182,000 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. Royal Bank of Canada lifted its position in Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider's stock worth $2,051,000 after buying an additional 18,910 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Viavi Solutions by 110.5% in the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider's stock valued at $377,000 after acquiring an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider's stock valued at $1,467,000 after acquiring an additional 5,775 shares during the last quarter. Millennium Management LLC lifted its holdings in Viavi Solutions by 205.4% in the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider's stock valued at $5,335,000 after acquiring an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in Viavi Solutions in the first quarter valued at approximately $165,000. Hedge funds and other institutional investors own 95.54% of the company's stock.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 15,775 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total transaction of $423,558.75. Following the transaction, the director directly owned 211,850 shares in the company, valued at $5,688,172.50. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gary W. Staley sold 24,237 shares of the company's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the sale, the senior vice president directly owned 136,267 shares in the company, valued at $3,260,869.31. This represents a 15.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 432,286 shares of company stock valued at $11,587,733 over the last three months. 1.80% of the stock is currently owned by company insiders.

Viavi Solutions Stock Down 5.1%

NASDAQ:VIAV opened at $52.49 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The stock's fifty day moving average is $36.28 and its two-hundred day moving average is $24.98. Viavi Solutions Inc. has a 52 week low of $8.75 and a 52 week high of $60.43. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of -218.70 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The company had revenue of $406.80 million for the quarter, compared to analysts' expectations of $393.80 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm's revenue was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Research analysts anticipate that Viavi Solutions Inc. will post 0.64 EPS for the current year.

Analysts Set New Price Targets

VIAV has been the topic of a number of recent analyst reports. UBS Group upped their price objective on Viavi Solutions from $25.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Needham & Company LLC upped their price objective on Viavi Solutions from $28.00 to $36.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Rosenblatt Securities upped their price objective on Viavi Solutions from $27.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. Stifel Nicolaus upped their price objective on Viavi Solutions from $20.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Finally, Susquehanna upped their price objective on Viavi Solutions from $25.00 to $65.00 and gave the company a "positive" rating in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.25.

About Viavi Solutions

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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