Vanguard Group Inc. Increases Holdings in Viavi Solutions Inc. $VIAV

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. boosted its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,440,070 shares of the communications equipment provider's stock after buying an additional 540,045 shares during the period. Vanguard Group Inc. owned 13.64% of Viavi Solutions worth $340,624,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of Viavi Solutions by 7,293.1% during 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 acquiring an additional 3,041,432 shares in the last quarter. Woodline Partners LP increased its position in shares of Viavi Solutions by 423.7% during 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 acquiring an additional 2,779,615 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Viavi Solutions during the fourth quarter valued at approximately $8,080,000. Dimensional Fund Advisors LP increased its position in shares of Viavi Solutions by 10.7% during 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 acquiring an additional 620,773 shares in the last quarter. Finally, Westerly Capital Management LLC increased its position in shares of Viavi Solutions by 38.1% during the fourth quarter. Westerly Capital Management LLC now owns 1,450,000 shares of the communications equipment provider's stock valued at $14,645,000 after acquiring an additional 400,000 shares in the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Price Performance

Shares of VIAV traded down $0.1250 during trading hours on Wednesday, reaching $10.5350. 1,817,602 shares of the stock traded hands, compared to its average volume of 2,316,389. 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 52-week low of $7.80 and a 52-week high of $12.91. The company's 50-day moving average price is $10.12 and its two-hundred day moving average price is $10.38. The company has a market cap of $2.35 billion, a P/E ratio of 65.85 and a beta of 0.87.

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 for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $285.19 million. During the same quarter in the previous year, the company earned $0.08 EPS. Viavi Solutions'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. On average, analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VIAV has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of Viavi Solutions in a research report on Friday, May 2nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 target price on shares of Viavi Solutions in a research report on Friday, June 20th. Morgan Stanley boosted their price objective on shares of Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a research report on Monday, August 11th. 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. Finally, Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.31.

Insider Buying and Selling

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $10.02, for a total value of $84,017.70. Following the sale, the director owned 242,311 shares in the company, valued at $2,427,956.22. The trade was a 3.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by insiders.

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.