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

Hilltop Holdings Inc. acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 20,923 shares of the communications equipment provider’s stock, valued at approximately $696,000.

Several other hedge funds have also recently modified their holdings of VIAV. Capital World Investors increased its holdings in Viavi Solutions by 4.4% in the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after acquiring an additional 664,956 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Viavi Solutions by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after purchasing an additional 231,570 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Viavi Solutions by 0.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock valued at $118,915,000 after purchasing an additional 33,463 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Viavi Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after purchasing an additional 20,776 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after purchasing an additional 2,045,702 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Doug Gilstrap sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the completion of the sale, the senior vice president directly owned 20,129 shares of the company’s stock, valued at $1,087,368.58. The trade was a 29.08% 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 valued at $23,789,119. 1.80% of the stock is currently owned by corporate insiders.

Viavi Solutions Stock Performance

VIAV stock opened at $39.52 on Monday. The company has a market capitalization of $9.24 billion, a PE ratio of -164.66 and a beta of 1.18. Viavi Solutions Inc. has a 12 month low of $9.61 and a 12 month high of $60.43. The firm’s 50-day moving average is $46.69 and its 200 day moving average is $37.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VIAV. B. Riley Financial upped their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, June 10th. Susquehanna boosted their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

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.