Invesco Ltd. Sells 47,220 Shares of Viavi Solutions Inc. $VIAV

Key Points

• Invesco Ltd. reduced its holdings in Viavi Solutions Inc. by 4.6% during the first quarter, selling 47,220 shares and owning approximately 0.44% of the company worth $11,074,000.
• Viavi Solutions reported $0.13 earnings per share, beating the estimate of $0.12, and achieved a 15.3% year-over-year revenue growth with $290.50 million for the quarter.
• Analysts have varied ratings on the stock, with targets ranging from $8.60 to $15.00, and a consensus rating of "Moderate Buy" with an average price target of $13.31.

Invesco Ltd. lowered its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 989,629 shares of the communications equipment provider's stock after selling 47,220 shares during the period. Invesco Ltd. owned approximately 0.44% of Viavi Solutions worth $11,074,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of VIAV. Victory Capital Management Inc. lifted its stake in shares of Viavi Solutions by 7,293.1% in the 1st quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider's stock valued at $34,500,000 after purchasing an additional 3,041,432 shares during the period. Woodline Partners LP increased its position in shares of 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 valued at $34,700,000 after acquiring an additional 2,779,615 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Viavi Solutions in the fourth quarter valued at approximately $8,080,000. Dimensional Fund Advisors LP lifted its stake 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 last quarter. Finally, Vanguard Group Inc. lifted its stake in Viavi Solutions by 1.8% in the first quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock worth $340,624,000 after acquiring an additional 540,045 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Viavi Solutions Price Performance

Viavi Solutions stock traded up $0.14 during midday trading on Thursday, hitting $11.28. The company's stock had a trading volume of 1,140,837 shares, compared to its average volume of 2,360,813. The stock's 50-day moving average price is $10.32 and its 200-day moving average price is $10.33. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.52 billion, a PE ratio of 70.54 and a beta of 0.87. Viavi Solutions Inc. has a 12 month low of $7.80 and a 12 month high of $12.91.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VIAV shares. Rosenblatt Securities reissued a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research note on Friday, June 20th. Susquehanna raised 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 report on Friday, August 8th. 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. Morgan Stanley raised their price target on shares of Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a report on Monday, August 11th. Finally, B. Riley raised their price target 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. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of "Moderate Buy" and an average price target of $13.31.

Insider Activity at Viavi Solutions

In other news, Director Richard Belluzzo sold 8,385 shares of the 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 sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.52% of the company's stock.

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.