Fisher Asset Management LLC Cuts Stake in Viavi Solutions Inc. $VIAV

Fisher Asset Management LLC trimmed its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 443,296 shares of the communications equipment provider’s stock after selling 26,058 shares during the quarter. Fisher Asset Management LLC’s holdings in Viavi Solutions were worth $7,900,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VIAV. Johnson Financial Group Inc. purchased a new stake in Viavi Solutions during the 3rd quarter valued at about $44,000. Covestor Ltd boosted its holdings in shares of Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 676 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Viavi Solutions by 86.2% during the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after acquiring an additional 1,317 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Viavi Solutions by 25.8% during the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock valued at $73,000 after acquiring an additional 845 shares during the last quarter. Finally, Swiss Life Asset Management Ltd purchased a new stake in shares of Viavi Solutions during the 3rd quarter valued at about $133,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VIAV has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. UBS Group raised their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. B. Riley Financial raised their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Rosenblatt Securities raised their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Finally, Stifel Nicolaus raised their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $53.06 on Thursday. The firm’s 50 day moving average price is $43.54 and its 200-day moving average price is $29.38. Viavi Solutions Inc. has a twelve month low of $8.87 and a twelve month high of $60.43. 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 stock has a market capitalization of $12.41 billion, a PE ratio of -221.07 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping 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 analysts’ expectations of $393.80 million. During the same quarter last year, the business earned $0.15 EPS. The firm’s 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. Equities research analysts expect that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $61,603,512.36. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Mcnab sold 2,727 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total transaction of $149,875.92. Following the sale, the executive vice president owned 15,471 shares in the company, valued at approximately $850,286.16. The trade was a 14.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 461,184 shares of company stock worth $24,158,554 in the last 90 days. Insiders own 1.80% of the company’s stock.

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.