SG Americas Securities LLC Acquires 62,810 Shares of Viavi Solutions Inc. $VIAV

SG Americas Securities LLC boosted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 133.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,753 shares of the communications equipment provider’s stock after acquiring an additional 62,810 shares during the quarter. SG Americas Securities LLC’s holdings in Viavi Solutions were worth $3,653,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC increased its holdings in Viavi Solutions by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after purchasing an additional 394 shares in the last quarter. Lido Advisors LLC grew its holdings in Viavi Solutions by 2.0% during the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after buying an additional 473 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in Viavi Solutions by 1.5% during the fourth quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after buying an additional 478 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Viavi Solutions by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock valued at $910,000 after buying an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC raised its position 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 valued at $73,000 after buying an additional 845 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on VIAV. UBS Group raised their price objective on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Susquehanna increased their target price 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. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC raised their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, 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 report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.75.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $47.41 on Tuesday. The company has a market capitalization of $11.09 billion, a P/E ratio of -197.53 and a beta of 1.18. The company’s 50-day moving average is $49.52 and its 200 day moving average is $34.60. 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 Inc. has a fifty-two week low of $9.61 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Activity

In other 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 completion of the sale, the chief executive officer owned 1,188,798 shares in the company, valued at $61,603,512.36. This trade represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Doug Gilstrap sold 10,000 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 trade represents a 15.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is owned by insiders.

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.