Sei Investments Co. Boosts Stake in Viavi Solutions Inc. $VIAV

Sei Investments Co. lifted its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 45.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 963,108 shares of the communications equipment provider’s stock after purchasing an additional 298,941 shares during the quarter. Sei Investments Co.’s holdings in Viavi Solutions were worth $32,053,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VIAV. Royal Bank of Canada lifted its stake in Viavi Solutions by 11.5% in the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after buying an additional 18,910 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Viavi Solutions by 110.5% in the 1st 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Viavi Solutions by 4.6% in the 1st 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 period. Millennium Management LLC raised its position in Viavi Solutions by 205.4% in the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after purchasing an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in Viavi Solutions in the 1st quarter valued at $165,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on VIAV shares. B. Riley Financial upped their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, June 10th. Susquehanna increased their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. UBS Group raised their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

Viavi Solutions Trading Down 3.4%

NASDAQ:VIAV opened at $38.16 on Tuesday. The stock has a fifty day moving average price of $46.46 and a two-hundred day moving average price of $37.89. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of -158.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. Viavi Solutions Inc. has a 1 year low of $9.61 and a 1 year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million for the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business’s revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 10,693 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the transaction, the senior vice president directly owned 39,287 shares in the company, valued at approximately $2,082,211. This represents a 21.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director directly owned 55,766 shares of the company’s stock, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 450,369 shares of company stock worth $23,789,119. Insiders own 1.80% of the company’s stock.

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.