Fox Run Management L.L.C. Invests $266,000 in Viavi Solutions Inc. $VIAV

Key Points

• Fox Run Management L.L.C. has made a new investment of $266,000 in Viavi Solutions Inc., acquiring 23,759 shares in the first quarter, as reported in its recent SEC filing.
• Viavi Solutions reported a 15.3% revenue increase year-over-year, with earnings per share of $0.13 for the latest quarter, surpassing the consensus estimate of $0.12.
• The stock's current price is $10.66, with an average analyst rating of "Moderate Buy" and a price target of $13.31.

Fox Run Management L.L.C. acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,759 shares of the communications equipment provider's stock, valued at approximately $266,000.

A number of other institutional investors also recently bought and sold shares of VIAV. Vanguard Group Inc. grew its stake in shares of Viavi Solutions by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock valued at $340,624,000 after buying an additional 540,045 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Viavi Solutions by 1.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider's stock valued at $106,297,000 after acquiring an additional 171,746 shares during the last quarter. 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 worth $64,626,000 after acquiring an additional 620,773 shares during the period. Woodline Partners LP increased its stake in Viavi Solutions by 423.7% during the fourth 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. Finally, Charles Schwab Investment Management Inc. raised its position in Viavi Solutions by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider's stock valued at $37,584,000 after purchasing an additional 23,783 shares during the period. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Viavi Solutions

In related news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $10.02, for a total transaction of $84,017.70. Following the sale, the director directly owned 242,311 shares in the company, valued at approximately $2,427,956.22. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.52% of the company's stock.

Viavi Solutions Stock Down 0.6%

Shares of Viavi Solutions stock traded down $0.07 during trading hours on Monday, reaching $11.03. 3,206,377 shares of the company were exchanged, compared to its average volume of 3,568,217. The firm has a market cap of $2.46 billion, a PE ratio of 68.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. Viavi Solutions Inc. has a 1 year low of $7.80 and a 1 year high of $12.91. The stock's fifty day moving average is $10.25 and its 200 day moving average is $10.32.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The firm had revenue of $290.50 million during the quarter, compared to analysts' expectations of $285.19 million. During the same period in the previous year, the firm posted $0.08 EPS. Viavi Solutions's revenue for the quarter 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 research analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

VIAV has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on Viavi Solutions from $8.60 to $9.30 and gave the stock an "underweight" rating in a report on Monday, August 11th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 target price on shares of Viavi Solutions in a research report on Friday, June 20th. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a research report on Friday, August 8th. UBS Group boosted their price target 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.31.

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.