American Century Companies Inc. Has $5.67 Million Holdings in Viavi Solutions Inc. $VIAV

Key Points

• American Century Companies Inc. increased its stake in Viavi Solutions Inc. by 23.8% in Q1, owning approximately 0.23% of the company, valued at about $5.67 million.
• Viavi Solutions reported an earnings per share (EPS) of $0.13 for the recent quarter, surpassing the consensus estimate of $0.12, and its revenue increased by 15.3% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Viavi Solutions, with a price target averaging $13.31, reflecting a positive outlook despite varying individual price targets among different firms.

American Century Companies Inc. lifted its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 23.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,556 shares of the communications equipment provider's stock after purchasing an additional 97,219 shares during the quarter. American Century Companies Inc. owned 0.23% of Viavi Solutions worth $5,668,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VIAV. Victory Capital Management Inc. raised its stake in shares of Viavi Solutions by 7,293.1% in the first quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider's stock valued at $34,500,000 after purchasing an additional 3,041,432 shares in the last quarter. Woodline Partners LP grew its position in Viavi Solutions by 423.7% in the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock valued at $34,700,000 after acquiring an additional 2,779,615 shares during the period. LMR Partners LLP bought a new stake in Viavi Solutions in the fourth quarter valued at $8,080,000. Dimensional Fund Advisors LP grew its position in Viavi Solutions by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider's stock valued at $64,626,000 after acquiring an additional 620,773 shares during the period. Finally, Nuveen LLC bought a new stake in Viavi Solutions in the first quarter valued at $6,582,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. B. Riley upped their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target on the stock in a research report on Friday, August 8th. Finally, Morgan Stanley upped their price target on Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a research report on Monday, August 11th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.31.

Insider Transactions at Viavi Solutions

In related news, Director Richard Belluzzo sold 8,385 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the transaction, the director owned 242,311 shares in the company, valued at $2,427,956.22. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Price Performance

Shares of VIAV stock traded up $0.01 during trading hours on Friday, hitting $11.28. 3,360,797 shares of the company's stock were exchanged, compared to its average volume of 3,966,476. The stock's 50-day moving average is $10.40 and its 200-day moving average is $10.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 41.78 and a beta of 0.91. Viavi Solutions Inc. has a 52 week low of $7.80 and a 52 week high of $12.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $290.50 million for the quarter, compared to analysts' expectations of $285.19 million. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The firm's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, research analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current year.

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.