Viavi Solutions Inc. $VIAV Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 75.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,571 shares of the communications equipment provider’s stock after selling 30,214 shares during the period. QRG Capital Management Inc.’s holdings in Viavi Solutions were worth $319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIAV. State of Wyoming acquired a new stake in Viavi Solutions in the 4th quarter valued at about $34,000. Johnson Financial Group Inc. acquired a new position in shares of Viavi Solutions in the 3rd quarter worth approximately $44,000. Hantz Financial Services Inc. grew its stake in shares of Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after purchasing an additional 1,317 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Viavi Solutions by 25.8% in the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after purchasing an additional 845 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Viavi Solutions in the 4th quarter worth approximately $90,000. 95.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on VIAV shares. B. Riley Financial increased their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, June 10th. Susquehanna increased their price objective on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.88.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Paul Mcnab sold 2,727 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total transaction of $149,875.92. Following the sale, the executive vice president directly owned 15,471 shares of the company’s stock, valued at $850,286.16. The trade was a 14.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the sale, the senior vice president directly owned 39,287 shares in the company, valued at approximately $2,082,211. This trade represents a 21.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 450,369 shares of company stock worth $23,789,119 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Trading Up 0.5%

NASDAQ VIAV traded up $0.20 on Friday, hitting $43.08. 3,373,296 shares of the company were exchanged, compared to its average volume of 8,809,959. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. Viavi Solutions Inc. has a twelve month low of $9.61 and a twelve month high of $60.43. The firm has a market capitalization of $10.08 billion, a P/E ratio of -179.49 and a beta of 1.18. The company’s 50 day moving average price is $49.17 and its 200-day moving average price is $36.06.

Viavi Solutions (NASDAQ:VIAV) last announced 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 during the quarter, compared to analysts’ expectations 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 for the quarter was up 42.8% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Analysts predict that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Viavi Solutions Company Profile

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.