Viavi Solutions Inc. $VIAV Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in Viavi Solutions Inc. by 1.8%, now owning approximately 13.64% of the company, which equates to around $340.6 million.
• Viavi Solutions reported a quarterly earnings per share (EPS) of $0.13, exceeding the consensus estimate of $0.12, with revenue growth of 15.3% year-over-year.
• Equity research analysts have upgraded the stock's rating, with a new average price target of $13.31 and several analysts issuing buy ratings.

Vanguard Group Inc. increased its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,440,070 shares of the communications equipment provider's stock after buying an additional 540,045 shares during the quarter. Vanguard Group Inc. owned about 13.64% of Viavi Solutions worth $340,624,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its holdings in Viavi Solutions by 1.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider's stock valued at $106,297,000 after purchasing an additional 171,746 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $64,626,000 after purchasing an additional 620,773 shares during the last quarter. Woodline Partners LP boosted its holdings in Viavi Solutions by 423.7% in 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 purchasing an additional 2,779,615 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Viavi Solutions by 7,293.1% in the first 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 last quarter. Finally, Northern Trust Corp boosted its holdings in Viavi Solutions by 13.6% in the fourth quarter. Northern Trust Corp now owns 2,517,015 shares of the communications equipment provider's stock valued at $25,422,000 after purchasing an additional 301,482 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on VIAV shares. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of Viavi Solutions in a report on Friday, May 2nd. Morgan Stanley increased their price target on Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a report on Monday, August 11th. Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a report on Friday, August 8th. B. Riley increased their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Six equities research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.31.

Viavi Solutions Stock Performance

NASDAQ:VIAV traded up $0.23 during trading hours on Thursday, reaching $10.78. 3,451,431 shares of the stock were exchanged, compared to its average volume of 3,316,630. 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 firm has a 50 day simple moving average of $10.17 and a 200-day simple moving average of $10.37. Viavi Solutions Inc. has a 52 week low of $7.80 and a 52 week high of $12.91. The stock has a market capitalization of $2.41 billion, a P/E ratio of 67.38 and a beta of 0.87.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly 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. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The business had revenue of $290.50 million for the quarter, compared to the consensus estimate of $285.19 million. During the same quarter last year, the business posted $0.08 EPS. The business's revenue was up 15.3% on a year-over-year basis. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard Belluzzo sold 8,385 shares of the company's 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 completion of the transaction, the director directly owned 242,311 shares in the company, valued at $2,427,956.22. This represents a 3.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is currently owned by insiders.

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.