129,331 Shares in Viavi Solutions Inc. $VIAV Acquired by Graham Capital Management L.P.

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 Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 large investors also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in Viavi Solutions in the first quarter valued at $53,000. AlphaQuest LLC acquired a new position in Viavi Solutions in the first quarter valued at $55,000. First Horizon Advisors Inc. boosted its stake in 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 valued at $56,000 after acquiring an additional 1,138 shares in the last quarter. Quarry LP boosted its stake in Viavi Solutions by 481.2% in the first quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock valued at $106,000 after acquiring an additional 7,824 shares in the last quarter. Finally, Worth Venture Partners LLC acquired a new position in Viavi Solutions in the first quarter valued at $112,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 13,115 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $146,625.70. Following the sale, the senior vice president directly owned 71,159 shares in the company, valued at $795,557.62. This represents a 15.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 11,873 shares of the 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 $132,740.14. Following the completion of the sale, the senior vice president owned 66,836 shares in the company, valued at $747,226.48. This represents a 15.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,873 shares of company stock valued at $605,095. Corporate insiders own 1.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on VIAV shares. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective for the company in a research note on Friday, August 8th. Morgan Stanley raised shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 target price for the company in a report on Tuesday, September 2nd. B. Riley upped their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Finally, Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Viavi Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $13.50.

Viavi Solutions Stock Performance

NASDAQ VIAV traded down $0.03 during trading hours on Monday, hitting $11.64. 327,262 shares of the stock were exchanged, compared to its average volume of 2,392,530. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 72.72 and a beta of 0.91. Viavi Solutions Inc. has a 12-month low of $7.80 and a 12-month high of $12.91. The stock has a 50-day moving average of $10.57 and a 200 day moving average of $10.26. 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 results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. 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 prior year, the company posted $0.08 earnings per share. The firm'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.

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.