Viavi Solutions Inc. $VIAV Stock Sold by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 15.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 754,500 shares of the communications equipment provider’s stock after selling 141,500 shares during the period. Robeco Schweiz AG’s holdings in Viavi Solutions were worth $31,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Citizens Financial Group Inc. RI bought a new position in Viavi Solutions in the 3rd quarter valued at about $248,000. Fifth Third Wealth Advisors LLC increased its stake in Viavi Solutions by 25.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 9,179 shares of the communications equipment provider’s stock valued at $385,000 after buying an additional 1,851 shares during the period. Inspire Investing LLC raised its position in shares of Viavi Solutions by 128.9% during the 3rd quarter. Inspire Investing LLC now owns 120,628 shares of the communications equipment provider’s stock worth $5,057,000 after buying an additional 67,926 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Viavi Solutions during the 3rd quarter worth about $60,000. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of Viavi Solutions during the 3rd quarter worth about $93,000. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $30.44 on Friday. Viavi Solutions Inc. has a twelve month low of $13.43 and a twelve month high of $60.43. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $38.39 and a 200-day moving average of $42.86. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of -202.92 and a beta of 1.21.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Analysts forecast that Viavi Solutions Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 8th. Needham & Company LLC lowered their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. UBS Group dropped their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Zacks Research downgraded Viavi Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.43.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Paul McNab sold 11,032 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $38.97, for a total value of $429,917.04. Following the transaction, the executive vice president owned 25,639 shares of the company’s stock, valued at approximately $999,151.83. This represents a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 35,866 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $36.24, for a total value of $1,299,783.84. Following the completion of the transaction, the senior vice president directly owned 39,598 shares in the company, valued at $1,435,031.52. This represents a 47.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 199,694 shares of company stock valued at $7,976,233. 1.20% of the stock is currently owned by corporate insiders.

Viavi Solutions Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops equipment, software and services used to test, monitor and secure communications networks. Its solutions support network operators, equipment manufacturers, government agencies and other organizations involved in the design, deployment and operation of wired and wireless networks.

The company’s products include fiber-optic and broadband test instruments, network performance and service-assurance software, optical spectrum analyzers, monitoring systems and tools for testing 5G and other advanced communications technologies.