UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Viavi Solutions Inc. $VIAV

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 38.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 625,242 shares of the communications equipment provider’s stock after acquiring an additional 173,803 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Viavi Solutions were worth $29,855,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VIAV. Royal Bank of Canada boosted its position in shares of Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after purchasing an additional 18,910 shares during the period. AQR Capital Management LLC lifted its stake in Viavi Solutions by 110.5% during the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock worth $377,000 after purchasing an additional 17,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Viavi Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after buying an additional 5,775 shares during the period. Millennium Management LLC grew its stake in shares of Viavi Solutions by 205.4% in the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after buying an additional 320,662 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Viavi Solutions in the first quarter valued at $165,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Trading Down 2.5%

NASDAQ:VIAV opened at $33.63 on Friday. Viavi Solutions Inc. has a 12-month low of $11.53 and a 12-month high of $60.43. The firm has a market cap of $8.30 billion, a PE ratio of -224.19 and a beta of 1.22. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $39.95 and a 200 day moving average price of $41.13.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.Viavi Solutions’s revenue was up 52.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Sell-side analysts anticipate that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Laura Black sold 71,000 shares of Viavi Solutions stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Luke Scrivanich sold 23,911 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $36.37, for a total transaction of $869,643.07. Following the completion of the sale, the senior vice president directly owned 39,598 shares in the company, valued at approximately $1,440,179.26. This represents a 37.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 152,796 shares of company stock worth $6,246,532 over the last three months. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

VIAV has been the topic of several research reports. B. Riley Financial decreased their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zacks Research upgraded shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. UBS Group reduced their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Stifel Nicolaus raised their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Susquehanna lifted their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus target price of $55.43.

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.