Graham Capital Management L.P. Acquires New Position in Viavi Solutions Inc. $VIAV

Key Points

• Graham Capital Management L.P. acquired a new stake in Viavi Solutions Inc., purchasing 129,331 shares valued at approximately $1.4 million, representing about 0.06% ownership of the company.
• Several other institutional investors also increased or established stakes in Viavi Solutions, leading to a significant institutional ownership of 95.54% of the company's stock.
• Viavi Solutions reported a 15.3% year-over-year increase in revenue, with a quarterly earnings result of $0.13 per share, surpassing analyst expectations.

Graham Capital Management L.P. acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 129,331 shares of the communications equipment provider's stock, valued at approximately $1,447,000. Graham Capital Management L.P. owned approximately 0.06% of Viavi Solutions at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in Viavi Solutions during the 1st quarter valued at about $53,000. AlphaQuest LLC bought a new stake in Viavi Solutions during the 1st quarter valued at about $55,000. First Horizon Advisors Inc. increased its position in Viavi Solutions by 29.1% during the 1st 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. Quarry LP increased its position in Viavi Solutions by 481.2% during the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock valued at $106,000 after purchasing an additional 7,824 shares during the period. Finally, Worth Venture Partners LLC purchased a new position in Viavi Solutions during the 1st quarter valued at about $112,000. Institutional investors own 95.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Susquehanna raised shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price on the stock in a research report on Friday, August 8th. Rosenblatt Securities reissued a "buy" rating and set a $13.50 target price on shares of Viavi Solutions in a research report on Friday, June 20th. Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. UBS Group raised 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, Morgan Stanley raised shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective on the stock in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Viavi Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $13.50.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,115 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $146,625.70. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Luke M. Scrivanich sold 11,873 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $11.18, for a total transaction of $132,740.14. Following the sale, the senior vice president directly owned 66,836 shares in the company, valued at approximately $747,226.48. This represents a 15.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,488 shares of company stock valued at $510,009. Insiders own 1.52% of the company's stock.

Viavi Solutions Stock Up 1.9%

Shares of Viavi Solutions stock opened at $11.49 on Wednesday. The firm's 50 day moving average price is $10.46 and its 200-day moving average price is $10.29. 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 Inc. has a 52-week low of $7.80 and a 52-week high of $12.91. The company has a market cap of $2.57 billion, a P/E ratio of 71.82 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to the consensus estimate of $285.19 million. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, sell-side analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

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.

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