First Eagle Investment Management LLC Sells 48,000 Shares of Viavi Solutions Inc. $VIAV

First Eagle Investment Management LLC decreased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 723,800 shares of the communications equipment provider’s stock after selling 48,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in Viavi Solutions were worth $12,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in Viavi Solutions during the third quarter worth about $44,000. Covestor Ltd lifted its position in Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares during the period. Nisa Investment Advisors LLC lifted its position in Viavi Solutions by 32.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 898 shares during the period. GAMMA Investing LLC lifted its position in Viavi Solutions by 25.8% during the fourth quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after purchasing an additional 845 shares during the period. Finally, Strs Ohio bought a new position in shares of Viavi Solutions in the fourth quarter worth about $159,000. Institutional investors own 95.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VIAV shares. UBS Group increased their target price on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. B. Riley Financial increased their target price 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Viavi Solutions in a report on Wednesday, April 29th. Susquehanna increased their target price on shares of Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. Finally, Rosenblatt Securities increased their target price on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and an average target price of $39.25.

Insiders Place Their Bets

In related news, SVP Luke M. Scrivanich sold 10,693 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the completion of the transaction, the senior vice president owned 39,287 shares in the company, valued at $2,082,211. This trade represents a 21.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $550,000.00. Following the completion of the transaction, the director owned 55,766 shares of the company’s stock, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 476,959 shares of company stock worth $24,582,112 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Viavi Solutions Stock Down 2.8%

Shares of NASDAQ VIAV opened at $53.40 on Wednesday. The company has a 50 day simple moving average of $39.14 and a 200 day simple moving average of $26.66. The firm has a market cap of $12.49 billion, a PE ratio of -222.49 and a beta of 1.22. Viavi Solutions Inc. has a 1 year low of $8.87 and a 1 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.

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

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.