Insider Selling: Viavi Solutions (NASDAQ:VIAV) Director Sells 8,387 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Richard Belluzzo sold 8,387 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $12.63, for a total transaction of $105,927.81. Following the transaction, the director directly owned 217,154 shares of the company’s stock, valued at $2,742,655.02. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Richard Belluzzo also recently made the following trade(s):

• On Tuesday, September 2nd, Richard Belluzzo sold 8,385 shares of Viavi Solutions stock. The shares were sold at an average price of $11.34, for a total transaction of $95,085.90.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $12.79 on Thursday. The firm has a market capitalization of $2.85 billion, a PE ratio of 79.94 and a beta of 0.90. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. Viavi Solutions Inc. has a 12-month low of $8.10 and a 12-month high of $12.91. The firm has a 50-day moving average price of $11.28 and a 200 day moving average price of $10.42.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The company had revenue of $290.50 million for the quarter, compared to the consensus estimate of $285.19 million. During the same period in the previous year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Research analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viavi Solutions

Several large investors have recently made changes to their positions in VIAV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Viavi Solutions by 26.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 509,746 shares of the communications equipment provider’s stock worth $5,148,000 after purchasing an additional 107,917 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Viavi Solutions by 117.5% during the fourth quarter. Mackenzie Financial Corp now owns 59,492 shares of the communications equipment provider’s stock worth $601,000 after buying an additional 32,145 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Viavi Solutions by 1,429.1% during the first quarter. GAMMA Investing LLC now owns 39,008 shares of the communications equipment provider’s stock worth $436,000 after buying an additional 36,457 shares during the last quarter. Heritage Family Offices LLP lifted its holdings in Viavi Solutions by 7.5% in the first quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider’s stock valued at $168,000 after buying an additional 1,045 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Viavi Solutions by 22.5% in the first quarter. Handelsbanken Fonder AB now owns 81,610 shares of the communications equipment provider’s stock valued at $913,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group lifted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 8th. B. Riley lifted their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Susquehanna upgraded shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price target on the stock in a research report on Friday, August 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $13.50 price objective on shares of Viavi Solutions in a report on Friday, June 20th. Finally, Morgan Stanley raised Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price on the stock in a report on Tuesday, September 2nd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.50.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.