Viavi Solutions Inc. $VIAV Stock Holdings Lessened 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. lowered its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 43.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund 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 SEC.

Several other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its position in shares of Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider's stock worth $2,051,000 after acquiring an additional 18,910 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of Viavi Solutions during the first quarter worth about $1,447,000. Quarry LP grew its position in shares of Viavi Solutions by 481.2% during the first quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock worth $106,000 after acquiring an additional 7,824 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Viavi Solutions by 150.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 491,400 shares of the communications equipment provider's stock valued at $5,499,000 after buying an additional 295,300 shares in the last quarter. Finally, State of Wyoming grew its position in Viavi Solutions by 342.5% in the 1st quarter. State of Wyoming now owns 40,330 shares of the communications equipment provider's stock valued at $451,000 after buying an additional 31,215 shares in the last quarter. Institutional investors own 95.54% of the company's stock.

Insiders Place Their Bets

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $11.34, for a total value of $95,085.90. Following the completion of the transaction, the director directly owned 225,541 shares in the company, valued at $2,557,634.94. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kevin Christopher Siebert sold 13,115 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $11.18, for a total transaction of $146,625.70. Following the completion of the transaction, the senior vice president owned 71,159 shares of the company's stock, valued at approximately $795,557.62. The trade was a 15.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,873 shares of company stock worth $605,095 over the last ninety days. 1.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV traded down $0.23 during trading hours on Friday, hitting $12.03. 2,543,987 shares of the company's stock traded hands, compared to its average volume of 3,278,310. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $12.91. 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 company's fifty day simple moving average is $10.73 and its two-hundred day simple moving average is $10.30. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 75.19 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $285.19 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The business's quarterly 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. As a group, equities analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal 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.