PharVision Advisers LLC Takes $332,000 Position in Viavi Solutions Inc. $VIAV

Key Points

• PharVision Advisers LLC has acquired a new stake in Viavi Solutions, purchasing 29,702 shares valued at approximately $332,000 during the 1st quarter.
• Institutional investors collectively own 95.54% of Viavi Solutions' stock, with notable increases in holdings from Millennium Management LLC and AQR Capital Management LLC.
• Viavi Solutions reported Q1 earnings of $0.13 per share, exceeding the consensus estimate, and anticipates a 0.130-0.14 EPS for Q1 2026.

PharVision Advisers LLC bought a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 29,702 shares of the communications equipment provider's stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Heritage Family Offices LLP increased its stake in shares of Viavi Solutions by 7.5% in the first quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider's stock worth $168,000 after purchasing an additional 1,045 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Viavi Solutions by 29.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after purchasing an additional 1,138 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Viavi Solutions by 3.9% during the 1st quarter. New York State Common Retirement Fund now owns 60,999 shares of the communications equipment provider's stock valued at $683,000 after purchasing an additional 2,300 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Viavi Solutions by 31.3% during the first quarter. Smartleaf Asset Management LLC now owns 10,928 shares of the communications equipment provider's stock valued at $123,000 after purchasing an additional 2,605 shares in the last quarter. Finally, KBC Group NV grew its position in shares of 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 purchasing an additional 3,579 shares in the last quarter. 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 Viavi Solutions stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $11.34, for a total transaction of $95,085.90. Following the completion of the sale, the director owned 225,541 shares in the company, valued at $2,557,634.94. This trade represents a 3.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 11,873 shares of Viavi Solutions stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $132,740.14. Following the sale, the senior vice president owned 66,836 shares of the company's stock, valued at $747,226.48. The trade was a 15.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,873 shares of company stock worth $605,095 in the last 90 days. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV traded up $0.29 on Thursday, reaching $12.19. The company's stock had a trading volume of 1,625,982 shares, compared to its average volume of 2,399,312. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $12.91. The company has a market cap of $2.72 billion, a P/E ratio of 76.16 and a beta of 0.91. The company has a 50-day simple moving average of $10.66 and a 200 day simple moving average of $10.29. 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 (NASDAQ:VIAV - Get Free Report) last released its 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. The firm had revenue of $290.50 million during the quarter, compared to analyst estimates of $285.19 million. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The business's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, equities research analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VIAV has been the subject of several research analyst reports. Morgan Stanley upgraded Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target for the company in a report on Tuesday, September 2nd. B. Riley increased their target price on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating 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 stock a "neutral" rating in a research report on Friday, August 8th. Susquehanna raised shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target on the stock in a research note on Friday, August 8th. Finally, 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. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.50.

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.