UBS Group AG Has $10.48 Million Stock Position in Viavi Solutions Inc. $VIAV

UBS Group AG trimmed its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 36.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,333 shares of the communications equipment provider’s stock after selling 343,479 shares during the quarter. UBS Group AG’s holdings in Viavi Solutions were worth $10,484,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, CEO Oleg Khaykin sold 136,547 shares of Viavi Solutions stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $51.82, for a total value of $7,075,865.54. Following the transaction, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Doug Gilstrap sold 10,000 shares of Viavi Solutions stock in a transaction that occurred 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 transaction, the director directly owned 55,766 shares in the company, valued at approximately $3,067,130. This represents a 15.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 476,959 shares of company stock valued at $24,582,112. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VIAV has been the subject of several research reports. UBS Group raised their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Stifel Nicolaus lifted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Susquehanna lifted their target price on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. B. Riley Financial lifted 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. Finally, Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

Viavi Solutions Price Performance

NASDAQ VIAV opened at $51.43 on Friday. Viavi Solutions Inc. has a 12-month low of $8.87 and a 12-month high of $60.43. The stock has a market capitalization of $12.03 billion, a PE ratio of -214.28 and a beta of 1.22. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average price of $40.29 and a two-hundred day moving average price of $27.39.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 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 for the quarter, compared to analyst estimates of $393.80 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities 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.