20,923 Shares in Viavi Solutions Inc. $VIAV Bought by Hilltop Holdings Inc.

Hilltop Holdings Inc. bought a new position in Viavi Solutions Inc. (NASDAQ:VIAV) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 20,923 shares of the communications equipment provider’s stock, valued at approximately $696,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC boosted its holdings in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the last quarter. State of Wyoming purchased a new stake in Viavi Solutions in the 4th quarter valued at about $34,000. Johnson Financial Group Inc. purchased a new stake in shares of Viavi Solutions during the third quarter valued at approximately $44,000. Cedar Mountain Advisors LLC bought a new stake in shares of Viavi Solutions during the 1st quarter worth $50,000. Finally, Hantz Financial Services Inc. lifted its stake in Viavi Solutions by 86.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after purchasing an additional 1,317 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

VIAV opened at $39.52 on Monday. Viavi Solutions Inc. has a one year low of $9.61 and a one year high of $60.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The business has a 50 day simple moving average of $46.69 and a two-hundred day simple moving average of $37.75. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of -164.66 and a beta of 1.18.

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

Insider Buying and Selling at Viavi Solutions

In related news, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction 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 sale, the director directly owned 55,766 shares of the company’s stock, valued at $3,067,130. This trade represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 10,693 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the sale, the senior vice president directly owned 39,287 shares in the company, valued at approximately $2,082,211. The trade was a 21.39% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 450,369 shares of company stock worth $23,789,119. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group lifted their price objective on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, June 10th. Weiss Ratings lowered Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, B. Riley Financial lifted their price objective 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 investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and an average target price of $42.88.

Viavi Solutions 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.