232,809 Shares in Viavi Solutions Inc. $VIAV Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 232,809 shares of the communications equipment provider’s stock, valued at approximately $2,344,000.

Other large investors also recently bought and sold shares of the company. KBC Group NV grew its position in Viavi Solutions by 38.1% during 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 last quarter. Wakefield Asset Management LLLP purchased a new stake in Viavi Solutions during the 1st quarter worth approximately $1,098,000. Principal Financial Group Inc. grew its position in Viavi Solutions by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,106,034 shares of the communications equipment provider’s stock worth $12,377,000 after purchasing an additional 30,359 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in Viavi Solutions during the 1st quarter worth approximately $1,447,000. Finally, Versor Investments LP purchased a new stake in Viavi Solutions during the 1st quarter worth approximately $1,225,000. 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 8,387 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $12.63, for a total transaction of $105,927.81. Following the sale, the director directly owned 217,154 shares of the company’s stock, valued at approximately $2,742,655.02. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 8,987 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $12.17, for a total transaction of $109,371.79. Following the sale, the senior vice president directly owned 79,335 shares in the company, valued at $965,506.95. This trade represents a 10.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 73,789 shares of company stock valued at $857,189. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VIAV shares. Stifel Nicolaus reissued a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. Needham & Company LLC boosted their target price on shares of Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday. Morgan Stanley raised shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price objective on the stock in a report on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viavi Solutions in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $16.11.

Viavi Solutions Stock Up 3.5%

VIAV stock opened at $17.70 on Friday. The firm’s fifty day simple moving average is $12.62 and its 200-day simple moving average is $10.84. The company has a market capitalization of $3.94 billion, a P/E ratio of 252.86 and a beta of 0.90. 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 Inc. has a 12 month low of $8.10 and a 12 month high of $17.91.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.68%. The business had revenue of $299.10 million for the quarter, compared to the consensus estimate of $294.35 million. During the same period in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Viavi Solutions Company 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.