Viavi Solutions Inc. $VIAV Position Cut by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG cut its Viavi Solutions stake by 15.8% in the third quarter, selling 141,500 shares and retaining 754,500 shares valued at approximately $31.6 million. Institutional investors collectively own 95.54% of the company.
• Insiders sold 199,694 shares worth about $8.0 million over the past 90 days, while director Laura Black and EVP Paul McNab significantly reduced their individual holdings.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $55.43 price target, despite some downgrades. Viavi’s latest quarterly results exceeded expectations, with $0.34 adjusted EPS and $443.1 million in revenue, up 52.5% year over year.

Robeco Schweiz AG lessened its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 754,500 shares of the communications equipment provider's stock after selling 141,500 shares during the period. Robeco Schweiz AG owned about 0.31% of Viavi Solutions worth $31,629,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Viavi Solutions during the 2nd quarter valued at approximately $1,228,529,000. Assenagon Asset Management S.A. boosted its holdings in Viavi Solutions by 1,402.9% in the third quarter. Assenagon Asset Management S.A. now owns 5,639,752 shares of the communications equipment provider's stock worth $236,418,000 after purchasing an additional 5,264,496 shares during the period. Bank of America Corp DE acquired a new position in Viavi Solutions in the second quarter worth $134,922,000. Bank of New York Mellon Corp acquired a new position in Viavi Solutions in the second quarter worth $87,914,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Viavi Solutions in the first quarter worth $75,294,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Insider Activity

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director directly owned 71,497 shares of the company's stock, valued at $3,297,441.64. The trade was a 49.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul McNab sold 11,032 shares of the company's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the transaction, the executive vice president owned 25,639 shares of the company's stock, valued at approximately $999,151.83. This trade represents a 30.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 199,694 shares of company stock worth $7,976,233 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on VIAV shares. B. Riley Financial dropped their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Stifel Nicolaus set a $65.00 price target on shares of Viavi Solutions in a research report on Wednesday, September 23rd. Zacks Research lowered shares of Viavi Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Needham & Company LLC lowered their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings downgraded shares of Viavi Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, September 8th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.43.

Viavi Solutions Trading Up 0.5%

NASDAQ:VIAV opened at $30.44 on Friday. Viavi Solutions Inc. has a 12-month low of $13.43 and a 12-month high of $60.43. The firm has a market capitalization of $7.49 billion, a P/E ratio of -202.92 and a beta of 1.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The business has a 50 day simple moving average of $38.39 and a 200 day simple moving average of $42.86.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%. The firm's revenue for the quarter was up 52.5% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities research analysts predict that Viavi Solutions Inc. will post 1.42 EPS for the current year.

Viavi Solutions Company Profile

Viavi Solutions Inc NASDAQ: VIAV develops equipment, software and services used to test, monitor and secure communications networks. Its solutions support network operators, equipment manufacturers, government agencies and other organizations involved in the design, deployment and operation of wired and wireless networks.

The company's products include fiber-optic and broadband test instruments, network performance and service-assurance software, optical spectrum analyzers, monitoring systems and tools for testing 5G and other advanced communications technologies.

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