Knights of Columbus Asset Advisors LLC Cuts Holdings in Viavi Solutions Inc. $VIAV

Knights of Columbus Asset Advisors LLC lessened its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 33.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 149,302 shares of the communications equipment provider’s stock after selling 74,712 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Viavi Solutions were worth $2,661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in Viavi Solutions in the 3rd quarter worth approximately $44,000. Covestor Ltd grew its stake in Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 676 shares in the last quarter. Hantz Financial Services Inc. grew its stake in 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 buying an additional 1,317 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 buying an additional 845 shares in the last quarter. Finally, Swiss Life Asset Management Ltd purchased a new position in Viavi Solutions in the 3rd quarter worth approximately $133,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling

In related news, Director Doug Gilstrap sold 10,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 55,766 shares in the company, valued at $3,067,130. This represents a 15.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Oleg Khaykin sold 136,547 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the sale, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 461,184 shares of company stock worth $24,158,554 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock opened at $53.06 on Thursday. Viavi Solutions Inc. has a 52-week low of $8.87 and a 52-week high of $60.43. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of -221.07 and a beta of 1.22. The company has a fifty day moving average of $43.54 and a 200-day moving average of $29.38. 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 (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. During the same quarter in the prior year, the company earned $0.15 EPS. The firm’s revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities research analysts expect that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on VIAV shares. B. Riley Financial boosted their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Rosenblatt Securities upped their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Finally, UBS Group upped their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

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.