Federated Hermes Inc. Makes New $169,000 Investment in Viavi Solutions Inc. (NASDAQ:VIAV)

Federated Hermes Inc. bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,753 shares of the communications equipment provider’s stock, valued at approximately $169,000.

Other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. grew its position in Viavi Solutions by 13.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 11,922 shares of the communications equipment provider’s stock valued at $109,000 after buying an additional 1,411 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Viavi Solutions by 17.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 15,570 shares of the communications equipment provider’s stock valued at $157,000 after acquiring an additional 2,368 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Viavi Solutions during the third quarter worth about $168,000. Neo Ivy Capital Management purchased a new position in Viavi Solutions during the third quarter worth about $168,000. Finally, SG Americas Securities LLC acquired a new stake in Viavi Solutions in the fourth quarter valued at about $169,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Trading Down 5.7 %

NASDAQ:VIAV opened at $7.56 on Monday. The company has a market capitalization of $1.68 billion, a PE ratio of -378.00 and a beta of 0.97. Viavi Solutions Inc. has a 52-week low of $7.10 and a 52-week high of $11.65. The stock has a fifty day simple moving average of $9.11 and a 200-day simple moving average of $9.05. The company has a quick ratio of 2.72, a current ratio of 3.09 and a debt-to-equity ratio of 0.87.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $246.00 million for the quarter, compared to analyst estimates of $249.08 million. Viavi Solutions had a positive return on equity of 4.66% and a negative net margin of 0.42%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. On average, equities research analysts expect that Viavi Solutions Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VIAV shares. Morgan Stanley increased their target price on Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Northland Securities raised their target price on Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Susquehanna cut shares of Viavi Solutions from a “positive” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research note on Friday. Rosenblatt Securities cut their price target on shares of Viavi Solutions from $13.00 to $10.00 and set a “buy” rating for the company in a report on Friday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $13.00 price objective on shares of Viavi Solutions in a report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.00.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at $615,322.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Kevin Christopher Siebert sold 13,967 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the transaction, the senior vice president now owns 47,097 shares of the company’s stock, valued at $503,937.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total transaction of $159,342.48. Following the sale, the executive vice president now owns 57,940 shares in the company, valued at approximately $615,322.80. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.