T. Rowe Price Investment Management Inc. Has $118.17 Million Stock Holdings in Viavi Solutions Inc. $VIAV

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Viavi Solutions by 0.3%, now owning approximately 10,560,567 shares valued at $118.17 million.
• Viavi Solutions has received upgrades in ratings from several research analysts, with price targets now reaching up to $15.00.
• The company reported a 15.3% year-over-year revenue increase, earning $0.13 per share, surpassing analyst expectations.

T. Rowe Price Investment Management Inc. grew its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 10,560,567 shares of the communications equipment provider's stock after buying an additional 36,172 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 4.73% of Viavi Solutions worth $118,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. USA Financial Formulas purchased a new position in shares of Viavi Solutions during the 1st quarter worth $53,000. First Horizon Advisors Inc. grew its stake in Viavi Solutions by 29.1% during the 1st 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. Sterling Capital Management LLC grew its stake in shares of Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after buying an additional 6,171 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Viavi Solutions by 64.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock valued at $95,000 after purchasing an additional 3,684 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Viavi Solutions in the fourth quarter valued at about $135,000. Hedge funds and other institutional investors own 95.54% of the company's stock.

Insider Buying and Selling

In related news, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the completion of the sale, the director owned 242,311 shares of the company's stock, valued at approximately $2,427,956.22. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective on the stock in a report on Friday, August 8th. Needham & Company LLC restated a "buy" rating and set a $15.00 target price on shares of Viavi Solutions in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research note on Friday, June 20th. Finally, B. Riley boosted their price objective 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. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $13.31.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock traded up $0.10 during trading hours on Wednesday, reaching $11.29. The stock had a trading volume of 486,957 shares, compared to its average volume of 2,359,326. The stock's 50 day moving average is $10.29 and its 200 day moving average is $10.32. 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 Inc. has a twelve month low of $7.80 and a twelve month high of $12.91. The firm has a market capitalization of $2.52 billion, a PE ratio of 70.54 and a beta of 0.87.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 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 company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $285.19 million. During the same period in the previous year, the firm 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. Equities analysts expect that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal 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.