Leeward Investments LLC MA Sells 52,748 Shares of Viavi Solutions Inc. $VIAV

Leeward Investments LLC MA trimmed its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 3.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,463,687 shares of the communications equipment provider’s stock after selling 52,748 shares during the quarter. Leeward Investments LLC MA’s holdings in Viavi Solutions were worth $14,739,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new stake in Viavi Solutions in the second quarter worth $43,000. AlphaQuest LLC bought a new position in shares of Viavi Solutions during the first quarter valued at $55,000. First Horizon Advisors Inc. lifted its holdings in shares of Viavi Solutions by 29.1% during the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider’s stock valued at $56,000 after purchasing an additional 1,138 shares in the last quarter. Quarry LP lifted its holdings in shares of Viavi Solutions by 481.2% during the first quarter. Quarry LP now owns 9,450 shares of the communications equipment provider’s stock valued at $106,000 after purchasing an additional 7,824 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Viavi Solutions during the second quarter valued at $109,000. 95.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 price target (up from $13.00) on shares of Viavi Solutions in a report on Monday, October 13th. UBS Group increased their target price 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 increased their target price on Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 8th. 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. Finally, Susquehanna raised Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 target price on the stock in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.72.

Insider Activity at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 13,115 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $11.18, for a total value of $146,625.70. Following the completion of the sale, the senior vice president directly owned 71,159 shares of the company’s stock, valued at $795,557.62. This trade represents a 15.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Belluzzo sold 8,387 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $12.63, for a total value of $105,927.81. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 73,789 shares of company stock valued at $857,189. Insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Performance

Shares of VIAV opened at $13.75 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The business has a 50-day simple moving average of $12.16 and a two-hundred day simple moving average of $10.65. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 85.94 and a beta of 0.90. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $13.92.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping 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 business had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $285.19 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. The business’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. On average, analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current year.

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.