Walleye Capital LLC Buys New Position in Viavi Solutions Inc. $VIAV

Key Points

• Walleye Capital LLC has invested $781,000 in Viavi Solutions by acquiring 69,787 shares during the first quarter.
• Viavi Solutions reported a 15.3% year-over-year increase in quarterly revenue, achieving $290.50 million, and EPS of $0.13, surpassing analysts' estimates.
• Analysts have set varied price targets for Viavi Solutions, with UBS raising its target to $12.00 and Susquehanna setting a target of $15.00, indicating a generally positive outlook on the stock.

Walleye Capital LLC purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 69,787 shares of the communications equipment provider's stock, valued at approximately $781,000.

Several other institutional investors have also added to or reduced their stakes in the company. Heritage Family Offices LLP grew its holdings in Viavi Solutions by 7.5% during the 1st quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider's stock valued at $168,000 after buying an additional 1,045 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in 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 valued at $56,000 after buying an additional 1,138 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Viavi Solutions by 3.9% in the 1st quarter. New York State Common Retirement Fund now owns 60,999 shares of the communications equipment provider's stock worth $683,000 after purchasing an additional 2,300 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Viavi Solutions by 31.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 10,928 shares of the communications equipment provider's stock worth $123,000 after purchasing an additional 2,605 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Viavi Solutions by 38.1% in the 1st quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider's stock worth $145,000 after purchasing an additional 3,579 shares during the period. Hedge funds and other institutional investors own 95.54% of the company's stock.

Insider Buying and Selling

In related news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.34, for a total transaction of $95,085.90. Following the completion of the sale, the director directly owned 225,541 shares in the company, valued at $2,557,634.94. This represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kevin Christopher Siebert sold 13,115 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $11.18, for a total value of $146,625.70. Following the sale, the senior vice president owned 71,159 shares of the company's stock, valued at $795,557.62. This trade represents a 15.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,873 shares of company stock worth $605,095 in the last three months. 1.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of recent research reports. B. Riley lifted their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Morgan Stanley upgraded Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 target price for the company in a report on Tuesday. Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price for the company in a report on Friday, August 8th. UBS Group lifted their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Viavi Solutions Stock Up 2.6%

Shares of VIAV stock traded up $0.30 during mid-day trading on Thursday, hitting $11.80. The stock had a trading volume of 1,562,899 shares, compared to its average volume of 2,384,597. Viavi Solutions Inc. has a 12-month low of $7.80 and a 12-month high of $12.91. The firm has a market capitalization of $2.63 billion, a P/E ratio of 73.72 and a beta of 0.91. The firm's 50-day moving average is $10.50 and its two-hundred day moving average is $10.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping 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 analysts' expectations of $285.19 million. During the same period in the prior year, the business earned $0.08 EPS. The business's revenue for the quarter 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. On average, analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

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.