QRG Capital Management Inc. Buys 16,021 Shares of Viavi Solutions Inc. $VIAV

QRG Capital Management Inc. raised its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 71.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,590 shares of the communications equipment provider’s stock after purchasing an additional 16,021 shares during the period. QRG Capital Management Inc.’s holdings in Viavi Solutions were worth $389,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Viavi Solutions by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider’s stock worth $340,624,000 after purchasing an additional 540,045 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Viavi Solutions by 0.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider’s stock worth $118,173,000 after purchasing an additional 36,172 shares during the last quarter. Woodline Partners LP raised its position in Viavi Solutions by 27.6% during the 1st quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider’s stock worth $49,059,000 after purchasing an additional 948,472 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Viavi Solutions by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider’s stock worth $37,584,000 after purchasing an additional 23,783 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Viavi Solutions by 7,293.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider’s stock worth $34,500,000 after purchasing an additional 3,041,432 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 8,987 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $12.17, for a total value of $109,371.79. Following the transaction, the senior vice president owned 79,335 shares of the company’s stock, valued at approximately $965,506.95. This represents a 10.18% 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. Also, SVP Kevin Christopher Siebert sold 9,927 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $12.17, for a total transaction of $120,811.59. Following the completion of the transaction, the senior vice president directly owned 84,598 shares in the company, valued at approximately $1,029,557.66. The trade was a 10.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,789 shares of company stock valued at $857,189 in the last 90 days. 1.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group raised their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Morgan Stanley raised Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price objective for the company in a research report on Tuesday, September 2nd. Susquehanna raised Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective for the company in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viavi Solutions in a research report on Wednesday. Finally, B. Riley lifted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $12.27 on Friday. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $12.99. The stock’s 50 day moving average price is $11.63 and its 200-day moving average price is $10.48. The company has a market capitalization of $2.73 billion, a PE ratio of 76.69 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 (NASDAQ:VIAV) last posted 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 net margin of 3.21% and a return on equity of 8.02%. The company had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $285.19 million. During the same quarter in the previous year, the firm posted $0.08 EPS. Viavi Solutions’s 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, equities analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Viavi Solutions Profile

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.