Hsbc Holdings PLC Purchases Shares of 475,585 Viavi Solutions Inc. $VIAV

Hsbc Holdings PLC purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 475,585 shares of the communications equipment provider’s stock, valued at approximately $22,773,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VIAV. BlackRock Inc. acquired a new stake in shares of Viavi Solutions during the second quarter worth $1,228,529,000. Arrowstreet Capital Limited Partnership increased its position in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after acquiring an additional 5,389,435 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Viavi Solutions in the 1st quarter valued at $75,294,000. Invesco Ltd. raised its stake in Viavi Solutions by 116.0% in the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after acquiring an additional 2,045,702 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Viavi Solutions by 1,011.9% in the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock worth $38,983,000 after acquiring an additional 1,990,848 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Trading Down 0.9%

Shares of Viavi Solutions stock opened at $38.45 on Friday. The stock has a market cap of $9.49 billion, a PE ratio of -256.32 and a beta of 1.21. The firm has a fifty day moving average price of $41.43 and a 200 day moving average price of $40.84. Viavi Solutions Inc. has a 1 year low of $11.09 and a 1 year high of $60.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm’s revenue was up 52.5% on a year-over-year basis. During the same period in the prior 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 1.32 earnings per share for the current year.

Insider Activity

In other news, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the sale, the executive vice president owned 13,876 shares in the company, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura A. Black sold 71,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the sale, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Needham & Company LLC reduced their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, August 19th. Finally, B. Riley Financial dropped their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.

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.