Charles Schwab Investment Management Inc. Increases Holdings in Viavi Solutions Inc. $VIAV

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Viavi Solutions Inc. by 0.7%, purchasing an additional 23,783 shares to reach 3,358,676 shares, which represent about 1.50% of the company worth $37.58 million.
• Several hedge funds, including LPL Financial and Renaissance Technologies, have significantly increased their stakes in Viavi Solutions over the last quarter, with overall institutional ownership now at 95.54%.
• Viavi Solutions reported earnings of $0.13 per share, slightly exceeding expectations, with quarterly revenue up 15.3% year-over-year to $290.50 million, indicating strong business performance amidst a competitive market.

Charles Schwab Investment Management Inc. raised its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 0.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,358,676 shares of the communications equipment provider's stock after buying an additional 23,783 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.50% of Viavi Solutions worth $37,584,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Heritage Family Offices LLP raised its stake in shares of Viavi Solutions by 7.5% in the first quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider's stock worth $168,000 after purchasing an additional 1,045 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Viavi Solutions by 29.1% in the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after purchasing an additional 1,138 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Viavi Solutions by 3.9% in the first quarter. New York State Common Retirement Fund now owns 60,999 shares of the communications equipment provider's stock worth $683,000 after purchasing an additional 2,300 shares during the last quarter. KBC Group NV raised its stake in shares of Viavi Solutions by 38.1% in the first quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider's stock worth $145,000 after purchasing an additional 3,579 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Viavi Solutions by 64.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock worth $95,000 after purchasing an additional 3,684 shares during the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock traded up $0.32 on Friday, reaching $11.10. The company's stock had a trading volume of 4,122,856 shares, compared to its average volume of 3,423,554. The company has a market capitalization of $2.48 billion, a P/E ratio of 69.38 and a beta of 0.87. Viavi Solutions Inc. has a 52-week low of $7.80 and a 52-week high of $12.91. The stock has a 50-day moving average price of $10.21 and a 200-day moving average price of $10.34. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51.

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. The business had revenue of $290.50 million during 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 business's revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

VIAV has been the subject of several research analyst reports. UBS Group 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 reaffirmed a "buy" rating and set a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. B. Riley raised their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 target price on shares of Viavi Solutions in a report on Friday, May 2nd. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.31.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the sale, the director directly owned 242,311 shares of the company's stock, valued at $2,427,956.22. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by corporate insiders.

About Viavi Solutions

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.