Charles Schwab Investment Management Inc. Has $37.58 Million Stock 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. lifted its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,358,676 shares of the communications equipment provider's stock after acquiring an additional 23,783 shares during the period. Charles Schwab Investment Management Inc. owned 1.50% of Viavi Solutions worth $37,584,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VIAV. Heritage Family Offices LLP increased its stake in Viavi Solutions by 7.5% during the first quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider's stock valued at $168,000 after acquiring an additional 1,045 shares during the period. First Horizon Advisors Inc. increased its position in shares of Viavi Solutions by 29.1% during the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after purchasing an additional 1,138 shares during the period. New York State Common Retirement Fund increased its position in shares of Viavi Solutions by 3.9% during the first quarter. New York State Common Retirement Fund now owns 60,999 shares of the communications equipment provider's stock valued at $683,000 after purchasing an additional 2,300 shares during the period. KBC Group NV increased its position in shares of Viavi Solutions by 38.1% during the first quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider's stock valued at $145,000 after purchasing an additional 3,579 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in shares of Viavi Solutions by 64.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock valued at $95,000 after purchasing an additional 3,684 shares during the period. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Price Performance

Viavi Solutions stock traded down $0.11 on Wednesday, reaching $10.55. The company's stock had a trading volume of 4,657,857 shares, compared to its average volume of 2,335,060. 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 has a market cap of $2.36 billion, a price-to-earnings ratio of 65.94 and a beta of 0.87. The business's fifty day moving average price is $10.12 and its 200 day moving average price is $10.38. Viavi Solutions Inc. has a twelve month low of $7.80 and a twelve month high of $12.91.

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, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $290.50 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Equities analysts expect that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

VIAV has been the topic of a number of research reports. 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 boosted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. UBS Group boosted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Morgan Stanley boosted their price objective on Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a research report on Monday, August 11th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 price target on shares of Viavi Solutions in a research note on Friday, June 20th. 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 MarketBeat, Viavi Solutions has an average rating of "Moderate Buy" and an average price target of $13.31.

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.