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

Several other institutional investors and hedge funds have also recently bought and sold shares of VIAV. Millennium Management LLC boosted its stake in Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider's stock worth $5,335,000 after buying an additional 320,662 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider's stock worth $1,467,000 after purchasing an additional 5,775 shares during the period. AQR Capital Management LLC increased its holdings in Viavi Solutions by 110.5% in the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider's stock valued at $377,000 after purchasing an additional 17,673 shares during the last quarter. Royal Bank of Canada raised its position in Viavi Solutions by 11.5% in the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider's stock valued at $2,051,000 after purchasing an additional 18,910 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in shares of Viavi Solutions during the first quarter worth $1,447,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VIAV shares. B. Riley raised their target price on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a 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 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 on the stock in a research note on Tuesday, September 2nd. UBS Group raised their price target 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, Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Viavi Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.50.

Insider Buying and Selling

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 11,873 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $132,740.14. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $11.34, for a total value of $95,085.90. Following the completion of the sale, the director directly owned 225,541 shares of the company's stock, valued at $2,557,634.94. The trade was a 3.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,873 shares of company stock worth $605,095 in the last ninety days. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Stock Up 0.7%

NASDAQ:VIAV traded up $0.08 during trading hours on Tuesday, hitting $11.69. The company's stock had a trading volume of 1,515,615 shares, compared to its average volume of 3,710,547. Viavi Solutions Inc. has a 52-week low of $7.91 and a 52-week high of $12.91. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.61 billion, a P/E ratio of 73.07 and a beta of 0.91. The stock has a fifty day moving average of $10.63 and a 200-day moving average of $10.27.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The business 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 business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 EPS. 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 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.