Nuveen LLC Purchases New Holdings in Viavi Solutions Inc. $VIAV

Key Points

• Nuveen LLC has acquired 588,234 shares of Viavi Solutions Inc. during the first quarter, valued at approximately $6.58 million, representing 0.26% of the company.
• Various institutional investors have increased their stakes in Viavi Solutions, leading to over 95.54% of the stock being owned by institutional investors and hedge funds.
• Viavi Solutions reported a quarterly earnings per share (EPS) of $0.13, surpassing analyst expectations of $0.12, and experienced a 15.3% year-over-year revenue increase.

Nuveen LLC purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 588,234 shares of the communications equipment provider's stock, valued at approximately $6,582,000. Nuveen LLC owned approximately 0.26% of Viavi Solutions as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of Viavi Solutions in the 1st quarter valued at approximately $53,000. First Horizon Advisors Inc. raised its holdings in 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 buying an additional 1,138 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in 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 buying an additional 3,684 shares in the last quarter. Delta Financial Group Inc. bought a new position in Viavi Solutions during the first quarter valued at about $141,000. Finally, KBC Group NV raised its holdings in 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 buying an additional 3,579 shares in the last quarter. Institutional investors own 95.54% of the company's stock.

Insider Transactions at Viavi Solutions

In related news, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction dated 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 directly owned 242,311 shares in the company, valued at $2,427,956.22. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Stock Performance

NASDAQ:VIAV traded up $0.13 during mid-day trading on Thursday, hitting $11.27. 2,472,876 shares of the company's stock traded hands, compared to its average volume of 2,369,163. The firm has a 50 day moving average of $10.32 and a two-hundred day moving average of $10.33. Viavi Solutions Inc. has a 12 month low of $7.80 and a 12 month high of $12.91. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 70.44 and a beta of 0.87. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $285.19 million. During the same period in the previous year, the company posted $0.08 earnings per share. The company's quarterly revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, equities analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VIAV has been the topic of a number of recent analyst reports. 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. UBS Group raised their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective on the stock in a research note on Friday, August 8th. Morgan Stanley raised their price objective on Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a research note on Monday, August 11th. Finally, Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Viavi Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.31.

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.