Nkcfo LLC Acquires New Holdings in Viavi Solutions Inc. $VIAV

Nkcfo LLC bought a new position in Viavi Solutions Inc. (NASDAQ:VIAV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the communications equipment provider’s stock, valued at approximately $254,000.

Other institutional investors have also modified their holdings of the company. Jupiter Asset Management Ltd. purchased a new position in shares of Viavi Solutions in the 3rd quarter worth approximately $3,996,000. CenterBook Partners LP acquired a new stake in Viavi Solutions in the third quarter valued at approximately $1,119,000. First National Bank of Omaha purchased a new position in Viavi Solutions in the third quarter worth $434,000. JPMorgan Chase & Co. increased its position in shares of Viavi Solutions by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider’s stock worth $5,087,000 after purchasing an additional 72,930 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Viavi Solutions by 8.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,035 shares of the communications equipment provider’s stock valued at $470,000 after purchasing an additional 2,874 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Argus raised their price target on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Needham & Company LLC increased their price objective on shares of Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 18th. UBS Group upped their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Rosenblatt Securities set a $27.00 price objective on shares of Viavi Solutions in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $22.13.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $27.37 on Tuesday. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of -152.05 and a beta of 0.96. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $28.31. The firm’s 50 day simple moving average is $21.21 and its 200-day simple moving average is $16.58. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The business had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In related news, Director Richard Belluzzo sold 15,775 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total transaction of $423,558.75. Following the completion of the sale, the director directly owned 211,850 shares in the company, valued at approximately $5,688,172.50. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gary W. Staley sold 24,237 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the sale, the senior vice president directly owned 136,267 shares of the company’s stock, valued at $3,260,869.31. The trade was a 15.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 832,253 shares of company stock worth $18,676,085. Corporate insiders own 1.80% of the company’s stock.

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.