Viavi Solutions Inc. $VIAV Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. has sold 639,520 shares of Viavi Solutions Inc., reducing its holdings by 43.9%, and now owns approximately 0.37% of the company, valued at around $9.1 million.
• Viavi Solutions reported a 15.3% increase in quarterly revenue year-over-year, achieving $290.5 million in revenue and an EPS of $0.13, slightly above analysts' expectations.
• Several hedge funds modified their positions in Viavi Solutions, with institutional investors now holding 95.54% of the company’s stock, indicating strong institutional support.

Adage Capital Partners GP L.L.C. cut its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 43.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 816,070 shares of the communications equipment provider's stock after selling 639,520 shares during the period. Adage Capital Partners GP L.L.C. owned 0.37% of Viavi Solutions worth $9,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Viavi Solutions by 1.8% in the first quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock worth $340,624,000 after buying an additional 540,045 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Viavi Solutions by 0.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider's stock valued at $118,173,000 after acquiring an additional 36,172 shares during the period. Woodline Partners LP raised its stake in Viavi Solutions by 423.7% in the 4th quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock worth $34,700,000 after acquiring an additional 2,779,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 23,783 shares during the period. Finally, Victory Capital Management Inc. lifted 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 acquiring an additional 3,041,432 shares during the period. Hedge funds and other institutional investors own 95.54% of the company's stock.

Viavi Solutions Stock Performance

NASDAQ VIAV traded up $0.08 during mid-day trading on Tuesday, reaching $11.69. 1,515,615 shares of the stock were exchanged, compared to its average volume of 3,710,547. The company has a market capitalization of $2.61 billion, a P/E ratio of 73.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. The business's 50 day moving average is $10.63 and its 200-day moving average is $10.27. Viavi Solutions Inc. has a 1 year low of $7.91 and a 1 year high of $12.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share 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 business had revenue of $290.50 million during the quarter, compared to the consensus estimate of $285.19 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company's revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VIAV shares. B. Riley raised their price objective on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Rosenblatt Securities reissued a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. UBS Group lifted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Morgan Stanley upgraded shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective on the stock in a research note on Tuesday, September 2nd. Finally, Susquehanna raised shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price for the company in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.50.

Insiders Place Their Bets

In other news, SVP Luke M. Scrivanich sold 11,873 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $11.18, for a total transaction of $132,740.14. Following the transaction, the senior vice president owned 66,836 shares in the company, valued at $747,226.48. This trade represents a 15.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $11.34, for a total transaction of $95,085.90. Following the completion of the sale, the director directly owned 225,541 shares in the company, valued at $2,557,634.94. This represents a 3.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,873 shares of company stock worth $605,095. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Company 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.